What is the cost of a cheap patent?
What is the cost of a cheap patent? It turns out to be very expensive. Some startup companies do not want to spend much money on patents, so they get the lowest cost provider for IP services. The result: a cheap patent. A cheap patent that might not have the proper claim scope to protect…
Read MorePatent Rejection – What it takes to get a patent issued
Your patent will typically be rejected by the examiner. Do not worry. The back-and-forth process between the examiner and applicant is a necessary part of getting a strong patent allowed. We want the examiner to fully understand the invention and do a competent job of searching. If the examiner does a poor job, your patent…
Read MoreHow much does a patent cost?
A typical US patent cost is over $60,000. This is according to the American Intellectual Property Legal Association bi-annual survey. This is the average patent cost across the US for a patent on a “high technology” invention, and your mileage may vary. The patent costs are roughly half drafting (“preparation”) and prosecution. Preparation includes everything…
Read MoreConsidering Constraints When Evaluating Patentable Ideas
When all you have is a hammer, everything looks like a nail. Every invention has a set of constraints, and it is imperative to uncover and evaluate them when considering patenting. This applies to an inventor or business manager who is trying to ferret out ideas contained in a new product as well as the…
Read MoreA good patent is easy to read
A good patent is easy to read. If you can’t understand your patent application, neither can the patent examiner. Many people tell me that they did not understand their patent application because their attorney used “legalese”. Some even joke that it was so dense that they did not even know if their invention was in…
Read MoreWhat does a good patent application look like?
Good patents are NOT written in “legalese”. I had a telephone interview with a patent examiner a while ago and in the course of the interview, the examiner said that he really liked my patent application because I did not try to hide the ball with the invention. I was originally taught to write patent…
Read MoreCurating Inventions in the Invention Disclosure Meeting – Myopia
Since BlueIron has a vested interest in the quality and economic value of your patents – it is the only collateral that BlueIron uses – we NEED patents to be high quality. The single biggest event that determines commercial value is the invention disclosure meeting. If inventors see their inventions as too small, the resulting…
Read MoreRenting Your Patents – How does that work?
What does it mean to “rent” my patents? Isn’t it better to own them? BlueIron’s financing allows you to “rent” your patents by having an exclusive license to the patents. This gives you all the legal benefits of owning the patents, such as being able to enforce the patents, license and sublicense the patents, keep…
Read MorePatents Make Your Company More Valuable to Acquirers
Good patents make your company more valuable. A well-crafted and curated patent portfolio has patents that make your company much more valuable to an acquirer. When curating a portfolio, BlueIron often targets potential acquirers. We look for where the market will move, how competitors tend to operate, and target inventions that will likely be useful…
Read MorePatents Make Your Company More Valuable Going Into Financing Rounds
Good patents make your company much more valuable when raising money. A patent portfolio increases your value when raising money. A strong portfolio sends a signal to investors that you are sophisticated, understand the marketplace, and mean to be a strong competitor in the marketplace. The stronger your patent portfolio, the more of an “unfair…
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