Is a Patent Worth its Cost?

The patent process is revered as an important process for any inventor to go through. It helps to secure the rights of an idea, providing inventors with the rights that they need to protect their ideas. Patents can stop individuals or companies from marketing, manufacturing, and creating materials that match the description of the patent. It is important for some inventors to take a step back and weigh the monetary and non-monetary costs of getting a patent. There are positives and negatives that prove that a patent may not always be the right decision. As far as money is concerned, patents are overwhelmingly expensive. The overall costs of patents, including government fees and attorney fees, can range from $5,000 to over $15,000. Those who have the most basic forms of an invention can still expect to pay thousands of dollars to secure the rights to that invention. It is possible for an individual to avoid attorney fees, drastically reducing the cost of the patent. With that being said, those who apply on their own often miss important aspects or descriptions that render the patent worthless. As far as non-monetary costs are concerned, patents stifle innovation in the marketplace. There are plenty of patents for inventions that will never see the light of day; these individuals came up with an idea but failed to secure funding or marketing for the product. Businesses that have the abilities to bring the invention to life are halted because the patent prevents them from creating the product. What is the cost of a patent? In terms of money, a patent is incredibly expensive, but a logical choice for companies and businesses that can afford to pay thousands of dollars in costs. Those who do not have this type of funding may be preventing innovation in their marketplace without realizing the damage they cause. In terms of the overall good, patents can halt creativity for 20 years. It is important to understand these various aspects of the worth of a patent. It is also important for inventors to understand that if they plan on pushing their invention through to production, a patent is necessary. It is the only way to protect product rights. While it may be costly, patents are often worth that cost. Provisional Patent Help?