How to File a Patent - PowerPoint PPT Presentation

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How to File a Patent

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Title: How to File a Patent


1
How to file a patent?
  • -Inolyst

2
Contents
  • What to choose?
  • Filing a patent
  • Cost of a patent filing

3
What to choose?
  • If you are startup looking to file a patent, two
    options that would not pinch your pocket are
    trademarks and provisional applications.
  • For instance if you choose to document and file
    your own application the cost of filing a patent
    application is at the lower side. In this case
    you need to pay fees pertaining to the respective
    PTOs only.
  • The expert inventor will always be updated about
    the fact that patents cost money. They do not
    earn money as proclaimed by some experts. But,
    the good news about patent filing is that good
    inventors also know how to do it without giving
    away their individual capital.

4
Filing a patent
  • Filing a patent incurs other costs also.
    Understanding the fees structure according to the
    nature and need of filing of the patent, can help
    you as owner or inventor take correct strategic
    decision. So, a clear breakdown of the elements
    that constitute the entire cost factor will
    definitely help you plan the expenditure, which
    you have to budget out at the initial stage as
    well as the later stage.
  • As mentioned before cost of filing depends on the
    drafting of the application. So, if you go for a
    provisional patent, the costing will be less. But
    if you go for non-provisional also known as
    complete patent the total costing goes up. This
    is again based on the specification detailing
    done at the drafting level and the patent
    strategy opted by you.

5
Cost of a patent filing
  • The overall cost of a patent filing in US or
    India for instance would consist of statutory
    fees i.e., to be paid at the patent office and
    the professional fees that you pay to the patent
    agent. In the former case, the rate is fixed, but
    in the latter the fee varies based on the service
    provider selected by you.
  • Lets now focus on the statutory fees. This is
    dependent on the applicant of the patent. For
    example, the Indian Patent Office has divided
    this whole process into three parts, such as
  • Natural person (individual inventor only)
  • Small Entity- A registered company having MSME
    registration
  • Company Any registered company.
  • Next time you want to file a patent remember to
    plan your costing, since a start up mostly runs
    on a tight budget.
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