Acquiring a Patent: 5 Frequently Asked Questions The United States Patent and Trademark Office (USPTO) receives over 500,000 patent applications each year. Obtaining a patient and dealing with intellectual property is a serious task and can be quite confusing. Hopefully, this will help you better understand everything about patents and intellectual property. Here are some commonly asked questions pertaining to acquiring a patent: 1. Can everything be patented? No, not everything can be patented, but the qualifications are sufficiently broad and encompass nearly all original inventions. In order to be a qualified material, your invention must meet certain criteria. 2. … Read more

6 Key Things You Need To Know About Patents You’ve had the idea for that fabulous invention simmering in your mind for years. Now, after all this time, you have perfected it. You are ready to market your new invention. Here are five questions to get you started on what you need to know about the patent process and patent law. Question # 1. Who Can Get One? The inventor, creator, or discoverer can apply for a patent. Patents are estimated to cost between $8,000 and $15,000 (or even more) when all legal fees and costs are added up. Question … Read more

The Hows And Whys Of Patent Pursuit Patents are an essential part of recognition. If you don’t legally attach your name and efforts to a patent, it is incredibly easy for someone else to come along and claim ownership of your idea and your genius. This means that every time you have a one-of-a-kind idea, you should seek out a patent lawyer and file it as your own, right? Wrong! The process required to obtain a patent can be lengthy, costly, and incredibly risky: only 2% to 10% of patented inventions go on to make money. You need to seriously consider your plan of … Read more