The overseas patent application fee includes the patent attorney’s fee, the cost of hiring a proxy outside of Korea, and the cost payable to the overseas patent and trademark office. Among these, since the cost payable to the overseas patent and trademark office is a fixed cost, efforts are required to reduce the patent attorney’s fee to cut back on the cost of an overseas patent application Then, how can I cut down the patent attorney's fee?
First, reduce the number of overlapping reviews as much as possible. For example, when dealing with the reasons for the refusal of a patent, the standards for determining the inventive step are growing analogous throughout the world.
Therefore, carry out all the reviews on the inventive step in Korea to deal with the application refused outside of Korea and refrain from assigning any overlapping reviews to the overseas proxy as much as possible to reduce costs. Ask the dedicated patent attorney at the Wave with extensive hands-on experience in large patent firms in various countries outside Korea to reduce the overlapping reviews to the greatest extent.
Second, cut back on translation costs as much as possible. A large part of the cost arising from overseas patent applications incurs from the translation. In this case, if an employee who is proficient in Korean, English, and Japanese translates Korean into both English and Japanese, the translation cost can be reduced as no secondary translation is required. A patent firm, The Wave, is comprised of patent attorneys who are highly proficient in English, Japanese, and Chinese, allowing you to benefit greatly from reduced translation costs.
Finally, reduce the cost payable to the overseas proxy. For overseas proxy, especially in developing countries such as China, the patent offices that primarily deal with overseas applicants charge much higher prices compared with those that serve domestic applicants. By handling a number of patent litigations overseas for Korean companies, The Wave has gained much knowhow in working with mid-sized local patent firms outside of Korea. Therefore, The Wave will be the right choice to reduce the cost payable to the overseas proxy.