Guriqbal Singh Jaiya and Christopher Kalanje of WIPO authored an informative article on patent costs. The article is published in the SME division of WIPO.
The following topics were discussed:
1) Information Search. It is prudent to perform some information search prior to contacting a patent professional.
2) Patent versus Trade secret versus Defensive Publication
3) Cost of drafting a patent application. The choice of professionals to work with are discussed as well.
4) Subsidies or grants
5) Patent office fees
6) Role of IP audit
7) International patenting costs
8) Translation costs
9) Managing patent portfolio
10) Partners to share cost, risks and profits