Copyright R M Brown & Moneynotion Limited 1978 -
Incorporating R M Brown -
Intellectual Property (Patents etc.)
See Wikipedia for a fuller definition of patent infringement which, briefly, is the commission of a prohibited act with respect to a patented invention without permission from the patent holder. (We accept no responsibility for the contents of that article, which is outside our control.)
Insurance can provide protection for patent, trademark or copyright infringement claims arising from the operation of your business. Other examples include libel, slander, unfair competition, advertising ideas, internet commerce etc.
You may apply for cover if you are unaware of any known infringements or violations to protect your trademark or patent. An insurer will want you to prove that you have completed an intellectual property search, or that you have filed registration for a trademark, service mark, copyright or patent.
Cover can include:
A competitor could wreck your business if you do not have money to pay legal fees & other costs associated with defending your rights. Intellectual property cover will pay your defence costs if someone tries to claim the rights to the same intellectual property.
Intellectual property law varies from country to country. We understand that many developing states, including in Eastern European have insufficient protection for copyright holders.