What are the costs of hiring an intellectual property lawyer? How much does one need to pay to protect your intellectual property? Here are some benefits of hiring an IP lawyer:
Costs of hiring an intellectual property lawyer
Hiring an intellectual property lawyer is essential for protecting your inventions, which can often include patents, trademarks, and copyright. You can save money by completing the intellectual property research on your own, but there are some requirements that an intellectual property lawyer – Trusli will be familiar with.
The cost of a patent application varies widely depending on the complexity of the idea. Patent attorneys are usually more expensive than ordinary lawyers and can charge anywhere from $500 per hour to more than $1,000 per hour. Some lawyers also charge a retainer, which is an initial payment held in a trust account until the work is complete. The cost of a utility …