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Higgins
Partner
Fusion
Corporate Finance
Independent
Corporate Finance Advice For Acquisitions,
Company Sales, Management Buyouts,
Management Buyins and Fundraising.
Specialism In Venture Capital and
Private Equity and Business Valuation
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The
Provisional Patent Application is a way for the small
inventor to obtain "Patent Pending" status.
After filing for a Provisional Application, you the
inventor have one year to test the marketplace to
see if there is any interest in your invention. The
Provisional Patent Application is not examined and
cannot become a patent until it is changed to a Utility
Patent Application. This will have to be changed to
a Utility Patent before the one-year is up, from the
date the Provisional Application was filed.
Having "Patent Pending" status. Is probably
the best way to get the ball rolling rather than applying
for a full patent to start with, because most companies
will not discuss an invention with an individual until
the invention has at least "Patent Pending"
status.
At
far less than half the cost for a regular Utility
Patent Application, the Provisional Application is
the cheapest way to obtain "Patent Pending"
status.
Provisional
Regular
Utility
Patent
Pending" Status
Patent
Pending" Status
No
Formal Drawings
Formal
Drawings Required ($125/sheet)
USPTO
Filing Fee $80
USPTO
Filing Fee $370
Provisional must be converted to a patent application
within one year of a Provisional filing date.
Patent term Last for 20 years from filing Regular
Utility
The Provisional Patent Application Costs less than
one-fourth the price of a regular Utility Application.
From the above you can see that the thing to do is
to get a Provisional Application, because there are
less up-front costs and you gain patent-pending status.
By filing the Provisional first and converting before
the one-year has elapsed, you save money to start
with until you have manufacturers seriously interested
in your invention.
