Reducing Patent Prosecution Costs Without Sacrificing Quality: Strategies to Consider
Protecting intellectual property incurs significant expenses. However, there are ways to reduce costs without sacrificing the quality of your patent applications. Here are a few strategies to consider..
1. Prior Art Search: Before filing a patent application, conduct a thorough prior art search to identify any existing patents or published materials that may impact your patent. This will help you determine whether it’s worth investing in a patent application and may also help you better define the scope of your patent’s claims, potentially reducing prosecution costs.
2. Quality: Poorly drafted patent applications can lead to numerous rejections and increased prosecution expenses. Engage an experienced patent attorney to draft your application and provide a very detailed technical description of your invention. The more comprehensive your description, the better your chances of obtaining a solid patent with lower prosecution costs.
3. Patent Prosecution Alternatives: Traditional patent prosecution can be costly, but there are alternatives. For example, you may be able to use accelerated examination procedures, such as the Patent Prosecution Highway (PPH), to expedite examination and potentially reduce prosecution costs.
4. Communication with Examiners: Effective communication with patent examiners can help reduce prosecution costs. Respond to office actions promptly, providing clear and concise arguments to address any rejections. Additionally, consider conducting an interview with the examiner to discuss any issues and potentially expedite prosecution.
By implementing these strategies, you can reduce patent prosecution costs while maintaining the quality of your patents. Call us for advice on how to ensure the proper IP management of your company’s innovations.