Why choose LOCI Search?Last Updated: August 18, 2018
LOCI Search exists primarily to be a do-it-yourself and more cost effective alternative to a traditional patent search with a lawyer to help you better narrow your invention. Think of it like this…you are an expert inventor in your field, but your patent attorney is an expert in IP law. They have to work with you to understand your patent and that is hard. So, who better to effectively search for existing IP than you, the expert?
Secondly, it can act in tandem with the existing patent rules to allow others to discover your ideas before the patent is granted. This serves as a way an inventor can more quickly and easily monetize their IP before/during the patent process.
Most patents require a full prior art search before the patent application process can even begin. That means a comprehensive search of existing, patented technologies, which can cost upwards of $2,500 per search. An initial provisional patent application costs a fraction of the full patent, yet still ranges between $1,000 and $5,000 by the time it is drafted and submitted. The average nonprovisional utility patent application is even more expensive with costs running from $5,000 to $50,000. The majority of these fees are incurred during an IP attorney’s review of the documentation and claim writing, but that’s not all. Additional fees are incurred during patent prosecution over the course of three to five years, and a typical non-provisional application will incur a total cost of $10,000 to $30,000 with no guarantee of a patent. Inventions that are more technical and comprehensive in nature can easily cost hundreds of thousands of dollars.
Using LOCI Search, you’re able to do all of this on your own or through your attorney, giving you a better idea of prior art for as many searches as you can during the term of your subscription. While LOCI Search may not currently replace a full search, it can save you money and time in the patent process.
Why pay for patent searches? Isn't this information available for free on the web?
The information LOCI Search provides is much more complete and intuitive than what you or even a patent attorney can find conducting a search on the web. Because of the patented algorithms of LOCI's system, the information LOCI Search provides is more relevant and comprehensive than anything you can find on your own. If you are an inventor who wishes to conduct a real patent search, you will save thousands of dollars by using LOCI Search.