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We
do not wish to kill your dreams but we do want our clients to have realistic expectations regarding “becoming rich”
by obtaining a patent.
For a non-provisional UTILITY patent
application, should the USPTO award a patent, one can expect such event to occur about 3 years from the date of the first
office visit. Once a patent application is filed, one can put “Patent Pending” on their product and
sell it while waiting the estimated 2.0 – 3.5 years for the USPTO to issue a patent.
When all expenses are considered, one can easily have $4,000 to $5,000 (and more) in a UTILITY patent.
Below
is the sequence of events and ESTIMATED associated costs for a non-provisional UTILITY patent
application that leads to a patent after one office action notice of allowance (Design patents are less expensive and typically
issue faster - about 1 year): ----- FILING FEE | n/a | n/a | $1,500 - $3,000(Our Fee) | $ 2,500 (day of filing) | | Cost for filing a | $550
(USPTO Fee) | | non-provisional application
| EVENT | Time | Total Time | Cost(s) | TOTAL COSTS | | Contract to file a non-provisional
patent Application | Day
1 | 0 Days | 50% of FILING
FEE | $1,250 | | File Application | Day 10 | 10 days | 100% of FILING FEE | $2,500 | | First USPTO Office Action | 2 years | 2 years; | N/A | N/A | | 6 months | 6 months; |
| 10 days; | | Respond to USPTO Office Action | 3 months | 2 years; | $500 | $3,000 | | 9 months; | | 10 days; | | USPTO issues a Notice of Allowance | 3 months | 3 years; | $1,300 | $4,300 | | 10 days; | Issue
Fee | | |
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----- INVENTION PROMOTION
COMPANIES: While one bad apple does not necessarily spoil an entire barrel of apples, we believe
one should consider the following information (please note that Simmons Patents has no way of knowing if the following statistics
are typical):
There have been lawsuits filed against companies that help
develop/promote inventions. Consider these numbers from one such law suit taken from court
records (the name of the invention promotion firm has been changed to “DELTA” - if there is
an invention promotion firm with the name “DELTA” such is by happenstance):
Over a period of 5 years:
45,709 inventors purchased a “PreDevelopment Agreement”
(PDA) from DELTA costing $695. Such $695 represented an initial investment.
Filing for patents and product design and prototype services were extra.
Of the 45,709 inventors
that purchased the PDA, the total number of inventors that were able to sell/license their idea to a company was 282 (0.62% ---- restated, 99.4% failed to even get a license agreement). Of the 282
inventors that did get a license agreement, only 10 made more money in royalties
than they paid to DELTA for their services (0.02% of the 45,709 made money; 99.98% failed to
make money).
Finally, assume one obtains a strong patent on a great idea and then a small company (not very well financed) decides to infringe such patent and make and sell the protected
product. The owner of such a patent must sue to stop the infringement. Such a suit can easily
cost $100,000 to 500,000 in the first 6 months in litigation fees. What individual inventor has the money
to defend a patent even if he/she has a valuable patent and product? Additionally,
while no one is judgment proof, many small companies and individuals are collection proof. Thus, one can spend thousands
of dollars obtaining a patent on a great idea, spend 100s of thousands of dollars suing an infringer and win and not be able
to collect on the resulting judgment. Such
is why Simmons Patents will take cases on a contingency fee basis for a Simmons Patents client. Typically,
we can take your case up to trial with the client paying only $1,500 up front and expenses such as filing fees, travel expenses,
and expert report fees.
Link to Litigation Fees
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DISCLAIMER
The information provided on this website is general information,
not individualized legal advice. Your use of this website is not intended to create, and does not create, an attorney-client
relationship with Simmons Patents or any associated attorney. This website is not an offer to represent you. Do not send us
technical or legal information until you have contacted a Simmons Patents attorney and obtained authorization to do so. We are admitted to practice in various jurisdictions and before the U.S. Patent and Trademark Office. This
website is not an offer to practice in a jurisdiction, in which we are not admitted, and nothing herein is intended to indicate
formal certification or specialization, except as otherwise noted in individual attorney biographies. Simmons
Patents makes no endorsement or representation regarding the accuracy or content of any of the linked websites identified
on this website.
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