The Patent Process on a Tight but Realistic Budget
|Written by Renee C. Quinn
B.S. Pennsylvania State University
M.B.A. University of Phoenix
Posted: September 6, 2009 @ 10:15 pm
ReneeQuinn.com | Blog | Twitter | LinkedIn
The patenting process can be very overwhelming and quite costly to an inventor who wishes to secure patent protection for their invention. But there are certain steps of the process that should not be neglected because of financial constraints, otherwise your efforts could actually be counterproductive and work against you in the end, not to mention your money will be wasted. Regularly, we have inventors come to us for assistance with their inventions but start their conversation with “I have a very limited income.”
With today’s economy being as bad as it is, and with more people being out of work, increasing numbers of people are dusting off their old invention ideas and working on them in hopes that a new invention will help get them out of financial debt. Problem is these inventors are also often the ones that have little disposable income with which to protect their inventions. One inventor recently even gave us a specific dollar amount he could afford to spend to obtain a patent, stating that “I need it to cost under $600, because that is all I have to spend.” But the filing fees payable to the USPTO alone are $110 for a Provisional Patent Application and a minimum of $540 for a Non-Provisional Patent Application and that is not to mention the cost of drawings, the issue fee that must be paid to the Patent Office when they agree to allow a patent and the publication fee, also paid to the Patent Office.
There are ways that inventors can file for Patent protection on their inventions with a limited budget, but even then you have to be realistic in the costs of this undertaking. Again, this is a process, and in order to do it right, there are several steps that need to take place and each of these steps will take time and money. You cannot simply write down on a piece of paper what your invention is, and get a patent. If you follow these necessary steps of the process, and use the resources available to you, you can file a fairly well written Patent Application at a somewhat reasonable cost. But keep in mind that even if you are relatively Internet savvy and an educated individual, without the assistance of a Licensed Patent Attorney, the chances of things being missed or written incorrectly, increase exponentially. The nightmare scenario is spending what limited resources you have doing it yourself and winding up with a patent or patent application that is worthless.
So many inventors think that if they don’t see their invention on the market or being used in everyday life that their invention is novel. But I can tell you, that is more often than not, an incorrect assumption. We highly recommend to all of our clients that they subject their invention to a through patent search to make sure that there is a realistic opportunity to receive a patent. Just because you do not see it on the market doesn’t mean that it or something similar to it hasn’t already been patented. There are lots of reasons why something might not be on the market, but still have patent protection. For example, a lot of times independent inventors will get a patent and then just lose interest or run out of money and nothing ever becomes of the invention they chose to protect. Sometimes people are just adding to their resume of patents; and still others just want to be recognized by the government as an inventor. So, we always recommend starting with a patent search.
At IPWatchdog.com, we offer a comprehensive patent search service which includes a search, consultation and opinion, which varies in cost depending upon the complexity of your invention, and we have recently added services that provide a search report only, in an effort to make our services more affordable on a budget. But what do you do if your budget is very limited? If you go to our website, we have a page titled Patent Searching 101, where Patent Attorney Gene Quinn educates you on some of the steps you need to take in order to conduct your own fairly thorough patent search utilizing sources such as Free Patents Online, Google Patents and the USPTO (link to these sites) website itself. Be sure you do not look for just your invention as it is. Rather, look for different aspects of your invention in other inventions as well. Be prepared though that this is not something that you can do in an hour or two. It is not uncommon for patent professionals spend several hours conducting their searches on client inventions with even relatively little complexity. But you have to be willing to put in time what you are saving in money in order to be as thorough as possible in conducting your own search.
Once you have completed your search, and you are pretty certain that there is no prior art close enough to your invention to render your invention not patentable, the next step would be to file a Provisional Patent Application, particularly prior to discussing your invention with companies you think may be interested in your invention including manufacturers, marketing firms, and/or investors. A Provisional Patent application will give you a “patent pending” status, which you must keep in mind, is only “perceived protection” in that you will have 12 months to file a Non-Provisional Patent Application, or your application will expire and a patent will never issue.
A Provisional Patent application is significantly cheaper than a Non-Provisional Patent Application with relatively few guidelines necessary to file a Provisional Patent application. A poorly written Provisional can actually do more harm than good. A Provisional Patent application must be complete as of the time of filing because anything that is not included in this patent application when it is filed will not be covered as of the earlier filing date. But a provisional patent application is only as good as the level of detail you include, which is why you want to not only describe your invention but also any possible variations of your invention no matter how crude the variation may be. You need to make sure that your application adequately provides a written description of the full scope of the subject matter.
For an inventor who has never ventured down this path before, creating a Provisional Patent application is something that can seem quite intimidating, especially if the inventor has had no experience with drafting any kind of legal documentation. Gene Quinn is not only a Licensed Patent Attorney, but has also been a law professor for many years. In this capacity he has taught many prospective patent attorneys and law school students how to draft Provisional Patent applications.
In so doing, he developed a system that we call the Invent & Patent System. This system is designed to help you create your own patent application with relative ease and can be purchased on our site for $99. What he did was to create answer templates that can be used to force inventors to provide the critical information that will be required to ensure a complete application. Along with the question templates there are instructions on how to format the application and file it yourself. It is an excellent way to save money while still having your end result is a high quality product. Keep in mind that this system is a 100% self-help system.
In closing, in order to file a strong, high quality do-it-yourself provisional patent application, you will need to be dedicated to your invention. This is not an endeavor that should be taken on lightly because as I stated earlier, you will need to put in time spent, what you are saving in money spent. If you serious and are willing to put in the time to conduct a thorough patent search, to create and file and well written Provisional application and to have time to devote to developing your invention, you can successfully complete the first few yet very important steps of the Patent Process on a Tight but Realistic Budget.
About the Author
Renee C. Quinn acquired a Masters of Business Administration with her course work focusing on e-Commerce and e-Business, with an emphasis on marketing via the World Wide Web. Her particular career focus to date has been on business-to-business and business-to-consumer marketing. She writes on various business and social media topics for IPWatchdog.com. You can follow Renee on Twitter at IPWatchdog_Too. Renee is available to consult with individuals and businesses on how to set up and effectively use social media and social networking tools to establish a successful marketing campaign. You can contact Renee via e-mail.