Intellectual Property Insurance Services Corporation
(IPISC)
IPISC is a complete intellectual property (IP) service
firm, focusing mainly upon insurance products relating to
the legal enforcement of intellectual property rights.
IPISC has over ten years experience in underwriting
intellectual property insurance risks, making it the most
experienced in the field. IPISC serves clients ranging from
Fortune 500 companies to individual inventors.
Your ability to defend yourself in patent infringement lawsuits
may be the key to your company's survival. Every lawsuit charging
infringement must be taken very seriously and defended to
the utmost no matter how frivolous the suit may be.
The alternatives available to you for dealing with infringement
are as follows:
- Abandon your accused products.
- Attempt to obtain a license from the accuser from a position
of financial weakness.
- Defend yourself from your cash reserves and available
credit lines.
The first two alternatives are not acceptable as they may
result in you having to capitulate to an aggressive accuser
or incur a burdensome royalty payment. Insurance is the best
vehicle for defending a patent infringement suit.
IPISC offers the power of two IP insurance products
to meet you needs, from single properties to your entire intangible
asset portfolio:
1) You want a Infringement Defense
Cost Reimbursement Insurance policy to help offset
the incredible costs of defending against an infringement
claim.
- Defense Cost Reimbursement reimburses your legal costs
when you assert patent invalidity as a defense to a charge
of patent infringement.
- The policy will reimburse the cost of reexamination proceedings
initiated by the Insured as a defense strategy arising out
of a lawsuit for patent infringement.
2) You want a policy for Infringement
Enforcement (Abatement) Insurance to offset your
LITIGATION EXPENSE when you elect to enforce your patents,
trademarks or copyrights (intellectual property) against an
Alleged Wrongdoer.
- Infringement Abatement Insurance pays your legal costs
when your intellectual property is challenged by a countersuit
for invalidity in an infringement suit.
- The policy can be written to cover US and foreign patents,
copyrights and trademarks as well as patent or trademark
applications including provisional patent applications.
See the details of the Defense and Enforcement policies on
the accompanying pages.
|