Patent filing is an essential step toward protecting your intellectual property. However, many individuals and businesses often try to save money by filing the patents themselves, commonly known as DIY patent filing.
It may seem like a cost-effective approach, but it can end up costing you more in the long run. Here is why.
The patent application process can be complicated
Patent applications are complex documents that require precise language, specific formatting and detailed instructions. You will likely encounter difficulties navigating the process without the expertise and knowledge of the legal requirements and technical details.
There is an increased risk of rejection
Every patent application undergoes a rigorous review process by the US Patent and Trademark Office (USPTO). The USPTO will examine your patent to determine whether it meets all legal requirements and is eligible for a patent. If there are errors or omissions, it is likely to be rejected. An experienced professional is bound to notice such mishaps and advise accordingly.
You may make costly mistakes with your patent
Patent law is complex and mistakes in your application can be costly. A simple mistake can delay your application and render it unenforceable. Fixing these mistakes can be costly and time-consuming. In addition, someone else could beat you to it.
It can be hard to secure funding
Businesses can raise funding through patents. However, investors are not fond of DIY patents. A potential investor may shy away because they are unsure of the patent’s legal protections if you did not involve a professional, and you may run into some issues when fundraising.
Get the necessary assistance
A DIY patent filing is not a good idea as the risks far outweigh the benefits. Therefore, it is best to have qualified legal guidance when filling a patent to help you through it all and ensure no loose ends that could negatively affect your interests.