Given the slothful economic repossession and sustained budget pressure on IP departments, it is must to look for new ways to cut costs on Patent Translation. Translations are difficult and therefore, cost a lot. On an average they account for up to 50% cost of national stage entry, so for such a money-oriented task, cost cutting could really make a difference in our pockets. In this article, we will enlighten you with top 6 strategies to cut costs on patent translation, without comprising in terms of quality. These strategies will ensure quality oriented strong patent portfolio, which will not disappoint you.
Read Our Interesting Insight:
Methods to Cut Costs on Patent Translation
The following methods and practices can be considered while looking for saving a significant amount in your pocket from the process of Patent Translation.
- Stick to basic language to create patent application: The best and the very common way is to create application in common languages, that do not needs to face any translation process, directly cutting the cost of hiring a translator. And English being the most common language can be used for this process. This means you can now file your patent application in countries where English is an acceptable language, opening option for filing in most countries, such as United States, Canada, India, Australia, Israel, etc. There is a merit that you can file in lot many countries and also a limitation that you are restricted for filing in countries, such as Brazil, China, Japan, Russia, etc. The validity of this point depends upon your requirement, but mostly for filing broader patent protection, you can understand the other 5 points.
- Cover regional blocs for filings: Another option to cut costs on patent translations is to cover regional blocs where one translation is valid for more than one country. For example, translation in Arabic opens opportunity for you to file patent application in GCC (Gulf Cooperation Council). Not only the same translation will be valid in countries covered under GCC, but it can also be filed in Egypt and Jordan. Another important aspect is to combine both the English (point 1) and other than English (point 2), for getting a significant world-wide protection in both English speaking and non-English speaking countries.
- Consider reusing older translations: Another cost cutting way is to file in a region and then revise the same translation to file in related countries. This is helpful if you file in languages like Brazil and Portugal to get one translation and then to convert it for additional filing into some other country. The cost of making changes to an older translation is less then framing/ordering a new translation.
- Perform Text Analysis in similar previous translations: As the cost of reusing older translations is significantly lesser than creating a new one, always make sure that repetitive text analysis is performed. This can be done in cases when you need to translate a number of patents into same language. Therefore, the older texts can be used to create word-to-word translations which have to be finally proofread to make sure the translations are correct. This will help reduce the overall cost by using some terms from the older translations and creating only the rest of the part as new translation.
- Perform market survey to look for efficient patent translator: Without comprising the quality, the best in town patent translators can be searched, to estimate costs of several translation vendors. Storing the details of each of them into one Comparison sheet to choose which translation can be the best from which translator, and then assigning them according to your budget and requirements could save a lot in your pocket.
- Keep an eye to ensure quality in translation services: Quality must not be compromised to translate application according to your budget. The whole patent prosecution process is time-taking and involves a lot of investments in every stage. Any mistake (if caught), can put your application into risk of getting abandon.
Cutting overall translation costs is an effective way to do an efficient investment for your patent application. Just make sure that you are saving wisely and without any deterioration in terms of quality. The end product of getting a patent is expensive, so saving through cutting the predicted costs on patent translation as the disbursement of compromising rights is not a good trade-off.
Read Similar Insight: How to minimize patent translation & filing costs?
To know our services, please visit our service page or contact us.