When it comes to patent drafting, why might one service cost a whopping $18,285 while another sits at a modest $1,320? Does this price discrepancy indicate that one provider is off the mark, either overcharging without justification or undercutting prices inappropriately?
The truth lies in the nature of the product and the objectives behind obtaining the patent. Two recent transactions on the iPNOTE marketplace showcase this dynamic.
1. The $18,285 Deal
A biotech startup is on the cusp of something groundbreaking. Their innovative software solutions enable faster and more efficient human genome studies, paving the way for rapid development of medications, vaccines, and more. This technology, already proven and delivering outstanding results, has caught the eye of the world’s major pharmaceutical companies, eager for a piece of this revolutionary pie. To license their technology, a robust patent is crucial. This patent would ensure that clients don’t find loopholes to avoid payment after acquiring the technology. Therefore, the startup approached iPNOTE, seeking a top-tier IP law firm equipped with patent attorneys and litigators holding PhDs in biochemistry and IT technologies. Read our guide on how to register a patent in the USA.
The stakes? Potentially hundreds of millions, if not billions, of dollars. There’s no room for frugality here.
2. The $1,320 Deal
An IT startup has developed an impressive analytical product, leveraging neural networks and data correlation analyses. Keen to stake their claim as pioneers in the field, they opt to secure several patents to showcase their innovative spirit to partners, investors, and clients. However, they are clear that these patents are unlikely to see the inside of a courtroom. Their real competitive edge lies in the software’s internals and its rapid implementation. Hence, their requirements are straightforward – secure a patent swiftly and with high fidelity to their product description. Their only criteria are that the provider is a US-accredited patent agent with IT knowledge.
The result? A comprehensive patent draft delivered just two weeks post-agreement.
Regardless of the expertise of a patent attorney, what truly matters is their alignment with your objectives. It’s counterproductive to pay 15 times more than necessary for a task that requires less effort. Conversely, scrimping on crucial and complex matters can prove detrimental.
This underscores the true value of the iPNOTE marketplace. Here, clients can cherry-pick the right tool tailored to their unique needs, ensuring the best balance of cost, timeline, and quality.
The iPNOTE platform features more than 700 IP law firms that cover more than 150 countries, so you can always find the right direct service provider using our flexible filtering system.
Use our AI Assistant to get started and protect your IP.
Sign up for free, and we’ll help you solve any IP-related problem.