When it comes to obtaining a patent, many businesses believe that the costs are prohibitively high. Although some patent applications can be expensive, especially for complex inventions or disputes, securing a UK patent is often more affordable than many people think.
The cost to obtain grant of a UK patent for an average application is probably between £4000 and £6000+ VAT, depending on the complexity of the invention and any objections raised during the substantive examination process. These costs are spread over 3 to 6 years.
This process is essential to ensure that the invention is novel and meets the necessary patentability criteria. These criteria include novelty, inventive step, and industrial applicability. If your invention passes this scrutiny, a granted patent can offer you protection against others making, using, or selling your invention for up to 20 years.
Why Patent Costs Are Worth the Investment
Securing a patent can significantly enhance your business’s value. Once granted, a UK patent can last for up to 20 years (from the filing date), and may even enable your business to benefit from reduced corporation tax on profits related to the patented technology under the HMRC patent box scheme. This means that although the initial application fees might seem significant, the long-term financial benefits can far outweigh these costs.
Patents can also provide a competitive advantage, serving as a valuable asset that could increase the overall value of your business. Furthermore, patent protection can help prevent competitors from copying your idea, thereby preserving your market share and enabling you to negotiate licensing deals or sell the rights to your invention.
In addition to the financial and legal benefits, a patent can also open doors for attracting investors. As potential investors often place a high value on intellectual property, having patents in place can improve your business’s credibility and appeal.
Breakdown of Patent Application Fees
The fees involved in obtaining a UK patent typically include:
Patent application fee
This is the initial cost for preparing and filing your patent with the UK Intellectual Property Office (UKIPO) and often represents the majority of the cost of seeking UK patent protection as it relates to the time spent by a patent attorney preparing the application.
Search fees
To ensure the invention is novel, the IPO conducts a patent search to assess prior art. This search examines whether the invention has already been disclosed elsewhere and ensures that it meets the novelty requirement. The search fee varies depending on the complexity and scope of the invention.
Examination fees
Once the search is complete, the application undergoes substantive examination to determine whether it meets the criteria for patent protection. The examination process is crucial as it involves an in-depth review of the application by a patent examiner. Any objections raised during the examination may lead to additional costs for addressing those issues.
Renewal fees
After a patent is granted, you will need to pay annual renewal fees to keep it in force for the full 20 years. These renewal fees increase incrementally over time, with higher fees due as the patent ages. Renewal fees are important to maintain the protection of your intellectual property, and failure to pay them results in the patent expiring.
International Patent Protection Costs
To expand your patent protection beyond the UK, the costs can increase. The application fees for patents in other territories typically range from £2000 to £5000 per country, with additional fees where translations are required. The costs vary depending on the country and the specifics of the application.
The Patent Cooperation Treaty (PCT) can help streamline the process for securing international patent protection. This allows businesses to file a single international application that can be used to seek protection in multiple countries.
Fixed Price Patent Application Services
At London IP, we understand that the costs associated with patent protection can be a concern for many businesses. To help manage these expenses, we often work with fixed quotations for the drafting of patent applications. This ensures that you have a clear understanding of the fees due before you commit to the process. Our transparent approach to pricing means that there are no hidden surprises, and you can budget with confidence.
We also provide new clients with comprehensive guides outlining the costs and procedures involved in obtaining patent protection, so you can plan and budget effectively. Our experienced patent attorneys are here to guide you through each stage of the application process, helping you to make informed decisions that suit your business goals.
Managing Patent Costs Effectively
Patent costs can add up over time, especially if your invention is being protected in multiple territories. However, there are ways to manage these expenses effectively. One strategy is to file for protection in the key markets where your invention is most likely to generate income. By focusing on the jurisdictions that matter most to your business, you can limit unnecessary costs while still ensuring robust patent protection.
In some cases, businesses may also consider licensing their patented technology to other companies, allowing them to recoup some of the costs associated with obtaining the patent. Licensing deals can be an effective way to generate income from your intellectual property, helping to offset the initial expenses of the application process.
Contact Us for Expert Patent Advice
Navigating patent costs can be complex, but with the right support, you can ensure that your intellectual property is protected at a reasonable cost. London IP is here to guide you through the entire patent application process. Whether you’re looking to secure a UK patent or expand your protection globally, our team of experts is here to help.
Contact us today for a free consultation and detailed information on patent protection costs. We’ll provide you with tailored advice to ensure that your invention receives the protection it deserves, without breaking the bank.
