Access to Cost Data in the platform allows for comparison to competitors and peers
How do we calculate cost metrics for the cost charts and datasets?
We estimate all the associated costs of obtaining and maintaining each patent, such as translation fees, foreign counsel fees, and chosen filing route. This estimate is calculated from comprehensive cost data supplied by 80+ patent attorney firms. We include the following fees:
Prosecution Costs
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Drafting costs (estimated)
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Filing fee & examination fees (exact fee based on patent office information)
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Office Action responses (estimated)
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Translation costs (estimated)
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Foreign Council fees (estimated)
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Grant fees (exact fee based on patent office information)
Renewal Costs
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Renewal fees (exact fees based on patent office information)
We make one assumption in calculating the fees above - that everyone uses external prosecution and drafting of patents. We track the chosen filing routes, all office actions and all patent payment information, and can therefore accurately estimate the types of fees incurred and the size of the fees. The charts relating to cost show either the cost to date, or future costs. To clarify:
COST TO DATE – cost incurred in the lifetime of the patent
FUTURE COSTS – total future costs for the maximum lifetime of each patent family (assuming the status of pending and granted patents within that family remain unchanged)
PROSECUTION VS RENEWAL - shows the split between prosecution and renewal costs by year.
Please be aware that any costs are calculated from the year 2000 onwards. Here is an example of these three types of chart visualisations:
You can then select to review all costs, or application costs and renewal costs individually related to that patent family:
