Why your patent renewals cost too much & how to fix it

If you’re looking for ways to reduce your patent renewal costs without disrupting your relationship with your patent attorney, you’re not alone. Many patent holders struggle with high renewal fees and administrative inefficiencies but hesitate to switch providers for fear of affecting their legal representation.

The good news is that you don’t have to choose between cost savings and trusted legal counsel. PatentRenewal.com’s automated IP renewal platform enables patent owners to streamline their intellectual property management, reduce patent renewal costs by up to 50%, and still work with their existing patent attorney.

The secret lies in separating IP renewals from legal work. While patent attorneys provide essential legal services, patent renewal is a transactional process that doesn’t require direct legal involvement. By using an automated platform, patent holders can manage their renewals more efficiently while keeping their patent attorney focused on high-value legal matters.

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Why law firms don’t handle IP renewal
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Many patent holders assume that their patent attorney takes care of everything related to their intellectual property management, including IP renewal. In reality, law firms often outsource renewals to third-party providers, which increases patent renewal costs due to administrative fees and middlemen.

Instead of handling renewals in-house, most attorneys focus on complex legal matters such as patent filings, prosecution, litigation, and portfolio strategy. IP renewals, on the other hand, are a recurring, administrative task that doesn’t require legal expertise. When renewals go through a law firm, patent holders often face higher fees due to additional service charges.

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Automate renewals while cutting patent renewal costs
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PatentRenewal.com offers a fully automated IP renewal solution that eliminates inefficiencies, helping patentees reduce their patent renewal costs while maintaining complete oversight of their intellectual property management. Here’s how it works:

• Direct payments to patent offices: Unlike traditional methods that involve multiple intermediaries, we handle renewals directly, avoiding unnecessary transfer fees.
• No inflated legal fees: Eliminating all inflated costs, such as inefficient transfer flows 
• Optimized global payments: Our fintech-powered system allows us to offer better exchange rates and reduced transaction fees.
• Full transparency: Customers receive clear invoices and detailed cost breakdowns, ensuring they only pay for what they actually need.

By leveraging automation and a fintech-driven approach, IP renewal costs are cut by up to 50%, allowing patent holders to reinvest savings into innovation and portfolio expansion.

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Keeping your patent attorney while switching to automation

A common concern among patent holders is whether moving to an IP renewal provider will affect their legal representation. However, PatentRenewal.com’s customers continue working with their trusted patent attorney while optimizing their intellectual property management costs.

Here’s how it works:

• Your patent attorney remains responsible for legal matters, including patent filings, opposition procedures, and enforcement strategies.
• PatentRenewal.com handles only the patent renewal process, ensuring that fees are lower, predictable, and fully automated.
• There is no disruption to your existing relationship—your attorney can still provide guidance, while renewals are managed more efficiently.

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Why companies are automating patent renewals
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The landscape of intellectual property management is evolving, with more patent owners embracing IP renewal automation. With growing patent portfolios, companies are prioritizing cost efficiency and automation in renewals.

Several key trends highlight this shift:

• Unitary patent savings: The EPO reports that unitary patents can reduce patent renewal costs by up to 31%, reflecting a broader move towards cost-effective renewal strategies.
• Rise of fintech solutions Automated platforms like PatentRenewal.com leverage fintech-driven payment solutions to cut transaction fees and reduce administrative complexity.
• Focus on strategic IP management: Companies are restructuring their intellectual property management to separate high-value legal tasks from administrative processes like IP renewal.

By embracing IP renewal automation, patent owners can keep costs under control while ensuring compliance with global renewal requirements.

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Transitioning to PatentRenewal.com
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Switching to PatentRenewal.com is a seamless process that requires minimal effort. Here’s how it works:

1. Submit a free price comparison to see how much you can save with us, or book a meeting with one of our IP experts and learn how you can benefit from our platform and patent renewal services. 
2. Once you sign our Service and License Agreement, you can simply forward us your patent data or provide us with your current IP renewal provider's contact information. We will handle the rest, including cooperating with your attorney during the transition.
3. We transfer all your patent data accurately and securely to your PatentRenewal.com platform, and once it's completed, one of our friendly Customer Experience Representatives will guide you through the platform’s main features.

With our structured onboarding, patent holders gain full control over their IP renewal processes while continuing to work with their existing patent attorney.

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Find out how much you can save today
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Thousands of patent owners worldwide are already lowering their patent renewal costs while keeping their trusted patent attorneys. PatentRenewal.com offers a transparent, automated solution that simplifies IP renewal and helps businesses save both time and money.

Get a free price comparison today and take control of your intellectual property management without unnecessary expenses.