FAQs Archive

Q: How can we work with your outside counsel?

Our platform works in conjunction with your outside counsel, they can simply file through Patent Place on your behalf and relay the savings onto you. Applicants or their representatives can save up to 32% on European patent filings which amounts up to thousands of dollars saved. Whilst our platform can work alongside your outside counsel, it can also work without, it is so easy-to-use, why not take control of your own filings?

Q: How do I pay and in what currency?

Thanks to our partnership with the FCA regulated Moneycorp we have provided an easy and secure system for sending funds to the EPO and national patent offices. When you have committed a formality to a transaction, you have to transfer the specified funds, via Fedwire or ACH method, to the provided Moneycorp bank account details. There is no need to worry about delay overseas transfers, additional costs or the requirements of registering associates.

Q: How do we stand out from traditional patent filing methods?

With no extra handling fees and a processing fee of $75, you can save up to 32% on your European Patent filings. Our automated process saves you time, by limiting the back and forth communication with a European counsel, making your life easier. The platform allows you to view the progress of your patent application throughout the European patent filing process, you can also set up reminders that will let you know when its time to file the necessary formalities, including: EPCT filing, Renewals, Grant and Publishing - rule 71(3), Validation.

Q: How will filing during the Amber and Red phases affect my fees?

The optimal time to start the filing process is during the Green phase, where you can save the most time and money. During the Amber and Red Phases, due to the proximity to the deadline, extra fees will be incurred. This is because the application will have to be manually processed.

Q: How are you regulated, does the transaction have any assurances?

When you transfer funds, these are received by our Foreign Exchange partner MoneyCorp. MoneyCorp are regulated in the UK by the Financial Conduct Authority. Details of this regulation and the protection it provides can be found directly from the regulator. https://www.fca.org.uk/ More detailed information on MoneyCorp can be obtained from – https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfXD5AAN

Q: Can I pay for the annunity after it’s been renewed?

At the Patent Place we work hard to keep our costs as low as we can so that we can pass that saving on to you. As we operate with low overheads we’re not able to offer credit facilities.

Q: Can I pay for my renewal with a credit card?

At this stage we’re not offering a credit card facility. The credit card companies take a long time to remit the funds to us, and also charge large fees. We’d have to pass those costs on to you, and that would break our low-cost model.

Q: Can I pay other fees than just renewals or annuities?

Not yet! We’re working to expand our offering to include payment of all fees at the European Patent Office. Watch this space, as it should be with you soon.

Q: How do I know when my patent has been renewed?

When we’ve confirmed that your patent has been successfully been renewed we send you a personalised renewal certificate.