The Franklin Forge: Costs
As you can see, we are fully transparent when it comes to total cost. We are the only company in this industry that gives you this information. And total cost is something you should be aware of before you disclose your idea to anyone or any company.
Invention Assessment: There is no cost for our assessment, though some companies will charge $200 or more for an assessment. There is no reason to pay any company for an invention assessment. Companies need this information in order to make a decision as to whether they should accept and work with your idea. Why should you be charged for it?
The Patent Search: We offer two types:
The Screening Search is $295. It covers conflicts.
The Novelty Search is $495. It covers conflicts and patentability.
The Patent Application and Industry Presentation Program. This Program gets your patent application filed for Patent Pending status. Once you are patent pending, we begin submitting your idea to manufacturers for a potential licensing agreement or buy-out.
The patent application is done professionally and includes a Summary of Invention, Preferred Embodiment, Patent Drawings and a Description of Drawings. You will review your patent application before it is filed with the U.S. Patent and Trademark Office.
The cost for the Program will vary as indicated by the Options listed:
| Total Service Fee | Initial Deposit | 10 Monthly Payments Of | Franklin Forge Percentage | |
| Option 1 | $2,950 | $1,950 | $100 | 25% |
| Option 2 | $3,650 | $1,950 | $175 | 15% |
| Option 3 | $4,350 | $1,950 | $240 | 7.5% |
| Option 4 | $5,850 | $3,000 | $285 | 3.75% |
No matter what option you choose, the program remains the same. The difference can be seen in the “Franklin Forge Percentage.” This refers to the percentage you would assign to The Franklin Forge; when we are successful in getting an agreement for you we would be entitled to a percentage of the proceeds.
For example – you decide on Option 2 and a company decides to produce and market your idea. If first year sales require the manufacturer to pay you $30,000 in royalty payments, we would be entitled to 15%, which would be $4,500. If your royalty payment is $100,000 our share would be $15,000.
Fee Reduction: If you wish to pay the Total Service Fee at the beginning of the Program, you will be entitled to a 10% reduction in the Fee. Option 1 would be $2,655; Option 2 - $3,285; Option 3 - $3,915 and Option 4 - $5,265.
Helping PEOPLE Turn Ideas into Products.