This amount will be paid to the related Intellectual Property office (see a list of organizations which have an accessible internet site in our section, Useful sites). A few exceptions may apply, but usually this amount cannot be reduced. However, some clients may benefit from fee exemptions provided by certain countries that favour gains in innovative products by allowing substantial reductions to companies which fall under a small entity status. Some countries allow to set patents under the “licence of rights” which often divide the costs by 2.
2. Local agent service charges :
To pay official fees it is sometimes necessary to call upon the services of agents residing and assigned by law as representatives in their respective country. In light of this, having a large volume of renewals permits us to negotiate preferential rates with one agent as oppose to several, enabling the reduction of technical expertise and therefore creating the first source of savings.
3. Currency conversion charges :
The conversions and transfers of international currencies are seldom free. The centralization of higher volume of annuity payments, brought by currency charges, also permits savings at this level. It also limits the risks involved in the variation of exchange rates.
4. Service and management charges :
Managing your annuities or renewals is not done for free, even if done by you (neither by us). You should also consider the addition of your internal costs for following up and supporting this activity, in particular, your accounting and financial services. Gathering all your renewal activity in one location will allow greater overall savings by including all the related services. . A global systemic view is the right way to evaluate.
Regarding the management of patent annuities, Our Saving simulator will give you a macroscopic idea of the savings you will realistically be able to attain.
