Finding present values is called discounting, and it is simply the reverse of compounding. In general, the present value of a cash flow due n years in the future is the amount which, if it were on hand today, would grow to equal the future amount.
A patent attorney is an attorney who has the specialized qualifications necessary for representing clients in obtaining patents and acting in all matters and procedures relating to patent law and practice, such as filing an opposition.o register as a patent agent or patent attorney, one must pass the USPTO registration examination. This exam, commonly referred to as the patent bar, tests a candidate's knowledge of patent law and USPTO policies and procedures as set forth in the Manual of Patent Examining Procedure (MPEP).
âPatent attorneys are expensive â it's not unusual for the patent process to cost inventors $5,000 to $15,000.â (Don Dedelak, âHow To Find A Company To Make And Market An Inventionâ Entrepreneur, April 1, 2001). $5000 to $7000 in attorneyâs fees for a simple patent application.10,000 - $15,000. Attorney fees charged for preparing a patent application. â[M]ost companies spend between $10,000 and $15,000 in attorney fees to prepare the application.â Patent attorney fees.