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Noel Santos
Emmanuel A. Santos JD CPA, Incorporated
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Email: noel@eas-cpa.com
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Your Business...Your Family...Our Concern
June 2021
Understanding Patents
Have you ever considered getting a patent for an innovative idea or product? There are different types of patents, so work with a patent attorney.
INVENTIONS
Utility patents protect the creation of useful products, processes or machines. It provides legal protection for up to 20 years should anyone copy your invention without a licensing agreement with you. Initial filing fees with the U.S. Patent and Trademark Office range from $80.00 to $860.00, but that doesn’t include the preliminary search for competitors, examination and maintenance fees which can tack on thousands more. Application processing can take a long time, so start early if you have a patentable product.PROTECTING DESIGNS
If you want to protect an item’s design or aesthetics, not how it is produced, you’ll need a design patent. These patents have a 14-year life and overall cost is less than a utility patent.PROS & CONS
In addition to protecting your product from copycats, a patent also can increase your chance of selling your idea.The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.