The cost shown in the patent cost calculator or calculated by it, are near exact fee that many clients are paying or already paid for filing their patent application in a country.
A Patent cost calculator is a mathematical tool for estimating the cost of filing a patent in various countries. Generally, an applicant who intends to file a patent in a particular country must know a total cost incurred for filing the patent application which mostly comprises official fees and attorney fees.
How Patent Cost Calculator works?
A patent cost calculator is used in two scenarios primarily:
A) During a national phase application – If an applicant has filed a PCT patent application or directly wants to enter a patent application into multiple countries, then the applicant must know the patent process for that country. Since, the procedure for applying for a patent in any country differs from other countries, hence a procedure should be assessed through an online mode or a patent attorney from that country.
The main issue is cost, a cost for filing a patent in any country varies wildly and sometimes it depends on an entity who is filing the application. An entity can be a micro or individual, small or small scale company, and large or a large scale company. Additionally, many countries allow patent filing in their native language, hence a patent application has to be translated into the native language before filing the patent application (if the language of the patent application is different from the native language).
Here comes the tricky part as an official fee for an applicant is fixed but the professional fee and the translation fee vary wildly. Hence, the inventor needs a patent cost calculator which can give him a fair estimate of a cost for filing a patent inclusive of the professional fee and translation fee in advance, so that the inventor can manage a patent budget.
B) Filing Patent in Their Own Country – A globally accepted patent cost calculator also assists an applicant in assessing a fee for filing a patent in his own country because the fact remains the same that various attorney firms have various ranges of fees. Identifying a true or best fee is a tricky job and if the applicant has an estimate of the cost involved from a third party platform then it eases decision making.
How Accurate is Patent Cost Calculator?
The cost estimates provided by the patent cost calculator are generally 98% accurate and have been formulated by experienced attorneys from different countries. The cost shown in the patent cost calculator or calculated by it, are near the exact fee that many clients are paying or already paid for filing their patent application in a country.
The Uniqueness of Patent Cost Calculator:
The patent cost calculator’s primary uniqueness is that it provides an estimate for patent filing in nearly 40 jurisdictions over a single platform. Hence, an applicant does not have to visit various attorney websites from different countries to get an estimate.
Secondly, the patent cost calculator uses a time tested formulae for calculating near accurate fee that an applicant may incur while filing a patent in a particular country.
