Let’s say you decide to file a patent for $8,000 – $12,000, then within the subsequent year, you pay another $10,000 to maintain it.
What will you do with your patent application? How will it benefit your business? Will it bring more value than you paid?
As business strategy questions, not legal questions, these are not questions your patent lawyer will likely help you with.
You need to be the expert.
You need a deep enough understanding of the patent process to be able to determine how you will use your patent after your lawyer submits your application for you.
If you plan for this BEFORE drafting and filing your application, it will greatly improve your ability to use your patent effectively. Also, the prep work will help you work with your lawyer more efficiently, may bring the legal fees down, and will result in a far better patent application.
If you’re considering filing a patent application within the next few months, make sure to become an expert on how your patent will impact your business and do the right kind of preparation well in advance by joining The IP Link’s new Product Protection Playbook™️ program.
Also, let me know in the comments below if you have filed a patent in the past, what benefit did it bring to your business? If you haven’t yet, do you have a plan for your patent once it’s filed?
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