Patent Insights #62
"patent cost calculation, patscenario and global patent news!"
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Topic of the week: How do you calculate your patent costs?
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How do you calculate your patent costs?
Have you ever entered the world of patent costing? It's like navigating a maze, but fear not! We're here to shed some light on this fascinating subject and provide some key insights.
📈 What Factors Affect Your Patent Costs?
Calculating patent costs isn't as simple as it may seem. Several factors interact to determine the final tally of your patent filing costs. Here are some metrics to consider:
Patent complexity: The complexity of your invention can lead to more extensive research and documentation, which will affect your costs.
Geographic coverage: Extending your patent to multiple countries or regions requires additional filing and maintenance fees.
Legal assistance: Hiring a patent attorney or agent is essential, but adds to the cost.
Renewal Fees: Ongoing maintenance fees are critical to keeping your patent in force and protecting your intellectual property.
Official fees: Official filing and maintenance fees can vary from jurisdiction to jurisdiction.
Number of claims: A higher number of claims can lead to higher costs, as each claim requires examination and consideration.
Words in claims/descriptions: Longer descriptions and claims may result in higher translation and examination costs.
Translation: If you need to translate your patent application into multiple languages, this will increase costs.
🧮 Patscenario: Your Patent Cost Calculator
PatScenario is designed to take the complexity out of patent cost calculation. It does the heavy lifting for you, automatically generating four different cost scenarios based on your patent protection strategy. This means you get a clear picture of the possible costs without breaking a sweat.
Here's what Patscenario offers:
📊 Four Scenarios: PatScenario provides you with four distinct scenarios, each tailored to a different patent protection strategy.
💡 Cost Breakdown: You'll get a detailed breakdown of the expenses involved in each scenario, including official fees, legal assistance, translation costs, and more.
🌐 Global Perspective: Whether you're planning to protect your invention locally or globally, Patscenario has you covered.
🕒 Time-Efficient: Say goodbye to spending hours crunching numbers. Patscenario calculates your patent costs in a matter of seconds.
🔥 Ready to Give It a Try?
Are you curious to see how Patscenario can simplify your patent cost calculations? Say goodbye to guesswork and hello to clarity!
Try PatScenario today and keep your innovation dreams alive!
📺 WATCH
⏯️ Patent Insights Videocast #11: How do you calculate your patent costs?
In this episode, we're going to look at calculating patent costs for your new applications. We know that this process is quite complex and requires too many indicators. Let's talk about patent filing paths, possible costs based on different scenarios, and how Patscenario can help you make it easier.
Let's join us!
You are invited to participate in this free online event, and you can watch the livestream session here and our youtube channel.
⏰ When: 18 October 2023, Wednesday, 14.00 CET
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📑 READ top 10 global patent news of the week:
1️⃣ IAM Strategy 300 list for 2023 has been published.
2️⃣ Moderna, Pfizer and BioNTech head to The Hague for first mRNA patent dispute.
3️⃣ EPO receives over 10,000 requests for patents with unitary effect.
4️⃣ Google defeats $217 mln patent case at trial over mobile technology.
5️⃣ Gen Digital owes Columbia $481 mln in US patent fight.
6️⃣ Qualcomm Accused of Infringing Redwood’s Wi-Fi Patent Portfolio.
7️⃣ Leia Inc. Acquires Philips 3D Display Patent Portfolio.
8️⃣ A shift in the European FRANDscape.
9️⃣ Sisvel IoT patent pool welcomes Huawei as new member.
🔟 Patent landscape of the week: CAR-T cell therapy
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