Patent Idea – Why So Much Interest..

Understanding the cost structure while applying for a patent will help in making some important decisions. Hence, as opposed to having a generic understanding of the overall cost, it helps if you are aware of the breakdown of the cost structure and also the time of incurring such expenses.

The substantial costs involved with processing a patent application includes, the fee that has got to be paid to the patent office (statutory fee) and also the fee paid for the patent company (professional fee). The Inventhelp Invention Stories fee varies based on the company you could select. Hence, in the following paragraphs I will deal only with the statutory fee.

The statutory fee depends upon who the applicant from the patent is. The Indian Patent Office (IPO) has categorized the applicants into 2 categories:

Any person applying for a patent is regarded as an organic person. On the contrary, all the other entities which do not come under the very first category naturally fit into the 2nd category. For instance, legal entities, including, companies would fall under the next category. It shall be noted that, a patent application can have more than one applicant, and even if one of many applicants do not fall under the very first category, then the patent application is regarded as filed by the second category applicants.

The patent office collects 4 times the charge from the second category applicants as compared to first category applicants.

In this post, I am going to list down the fee applicable towards the first category applicants. You may multiply this fee with 4 to discover the fee applicable towards the second category applicants.

A software for grant of patent must be submitted. A fee of Indian rupee (INR) 1000 must be paid while submitting the patent application inside the Indian Patent Office (IPO). It is a mandatory fee. The exchange rate for 1 US dollars was Indian rupee 45 during writing this article.

An earlier publication request has to be submitted if one wishes to acquire their patent application published earlier than the patent office norm of publishing patent applications 18 months through the priority date (date where you initially file How To Sell My Invention Idea To A Company for your invention). This request comes with a fee of Indian rupee 2500. The main advantages of early publication include expedition in the patent application examination process.

A request study of patent application has to be submitted. A fee of INR 2500 must be paid, requesting the IPO to examine your patent application. This fee may be paid within 48 months from the priority date. However, remember that the patent office considers the application for examination only after receiving this fee. Hence, in order to expedite wpqfgj patent process, it is best to pay this fee in the earliest. It is a mandatory fee.

The IPO accepts patent specifications, which includes as much as 30 sheets without charging any extra fee. However, in the event the specification crosses 30 sheets, a fee of INR 100/sheet for each and every extra sheet has to be paid for the IPO. It is a mandatory fee.

Further, the IPO accepts I Have An Invention Idea Now What, which includes up to 10 claims (no limitation on independent claims) without charging any extra fee. However, in the event the specification has more than 10 claims, then the fee of INR 200/Claim for each and every extra claim needs to be paid to the IPO. This can be a mandatory fee.

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