On behalf of Kaufhold & Dix Patent Law posted in Patent Law on Wednesday, October 10, 2018.
What is it like to obtain a patent? Ask Billy Beane, the one-time baseball general manager. As he expressed in the movie “Moneyball,” “It’s a process. It’s a process. It’s a process.” In Beane’s case, the process involved data analytics about on-base percentages and persuading his team to play to maximize that metric. It worked. But it took time.
The same can be said for successfully obtaining a patent. It can be so complicated, in fact, that a single misstep along the way often means serious loss. Not only can it delay an inventor’s rights to monetize an idea, they could be lost completely.
What’s involved
The process of getting a patent includes many steps. Each could warrant its own fee and some attorneys charge using such a model, but not all do. So, creators do well to know what the process entails and what they are getting for their money before spending a cent.
Step by step
Application approval or rejection comes next. In the event it’s rejected, several options may remain, but because of time elapsed, further action might be unwise.
Working with an attorney can be expensive. It doesn’t have to mean entering a financial sinkhole.
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