Patents provide a designated period of time where you get “control” over your invention. The way patents operate is that it gives you a legal recourse if a competitor attempts to utilize elements of your patent. This resource is a type of intellectual property right that gives you as the inventor a legal right to your ability to profit from your intervention.
A patent provides the exclusive access and rights to your invention including the design, invention itself, and the process of creating the invention in exchange for complete disclosure of your invention. Obtaining a patent protects you from any group or individual competitor that tries to utilize your design or implementation of your patent. In short, patents provides one legal protection for mitigating any patent infringements or any element improperly utilized by a competitor.
- Patents are Cost Prohibitive
There are several different elements to the total cost of obtaining a patent. Key factors include your United States Patent and Trademark fees, attorney fees, and professional diagram or drawing fees.
There are a number of ways you can lower the costs and fees associated with obtaining a patent for your invention. These include making sure you have prepared a long length and very detailed summary of your invention, being ready to start the process with a finished invention, and able to provide a application for your patent in draft form.
Working with a highly experienced patent lawyer at the Omni Legal Group will help you be able to streamline your application which can lead to overall lower fees.
- Patents Last Forever
Generally speaking, patents issued these days last no more than 20 years, as long as your maintenance fees are paid, if applicable for your type of patent. The 20 year count down starts from your initial application filing date, as in, your first application for your patent that you send into the Patent office.
- Utility patents —> The United States Patent and Trademark Office (USPTO) issues fees on a 3.5, 7.5, and 11.5 year schedule for utility patents.
- Design Patents —> If you file a United States design patent, there are no required fees.
The goal of the strategic scheduled fees is that you can let your patent lapse if you desire due to unforeseen financial circumstances surrounding the use of your patent or if the commercial benefits are no longer in line with your goals. The USPTO office sets the amount of the maintenance fees and how the fees scale in price strategically in line with a gradual raise of fees at each milestone.
Have Questions about the Patent Application Process? Contact the Highly Reputable Omni Legal Group Today
If you have an invention and want to obtain a patent, retaining the services of a reputable and experienced patent lawyer is extremely important. Whether you are in need of, or have, a provisional patent, non-provisional patent, design patent, utility patent, or plant patent application, Omni Legal Group is here to help. Omni Legal Group is a premier Patent, Trademark, and Copyright law firm located in Los Angeles. For further information or to schedule a consultation please contact Omni Legal Group at 855.433.2226 or visit www.OmniLegalGroup.com to learn more.