Patent Prosecution
This is a reproduction of Investing in Patents by Russ Krajec. For the complete book, get it on Amazon.
Patent prosecution costs are the costs associated with getting the patents through the US Patent and Trademark Office (USPTO). The average is 4.2 Office actions.
Appeals can be expensive but are anticipated to occur with only a fraction of the cases. The anticipated rate of a pre-appeal conference is three pre-appeal conferences in every four patent cases. In some stubborn cases, pre-appeal conferences occur two or three times for a single patent application, but the overall ratio is expected to hold true. This value is based on analysis of several hundred patent applications prosecuted by interviewed practitioners.
Similarly, a full appeal occurs in about 25% of the cases.
The estimated costs of pre-appeals and full appeals are averaged into the total estimated prosecution costs, and it should be noted that appeal-related costs can cause a single patent application to become very expensive.
Totals
Grand Total: $56,525