Bolonkin, Alexander Alexandrovich
Business & Management
August 7, 2018
The main disadvantage is the high cost and duration of the patent. The total expenses of an individual inventor for obtaining a patent are tens of thousands of dollars and several years of exhausting correspondence with the Patent Office (PTO). Even after obtaining a patent, an individual inventor (in most cases, they have a low income) must pay the PTO more than $ 3,000 for "maintaining" the patent, otherwise the patent will expire. Any company is more profitable to wait 3.5 years and spend this time developing and testing a sample, rather than spending money on buying or leasing a patent.