Many large companies, especially in the technology industry,often are sued by smaller companies or individuals claiming patentinfringement, and they have comprehensive, carefully crafted patentinfringement coverage. But what about the reverse situation inwhich the large company sues the smaller inventor?
All companies, regardless of size, that have some form ofintellectual property should discuss intellectual property coveragewith their agents or brokers. According to IntellectualProperty Insurance Services Corporation, the average patentlawsuit costs each side approximately $2.5 million in legal feesand expenses to litigate through trial, not including damages andsettlements. That bill could put a small company out of businessquickly.
The following companies have been sued the most over theirpatents to date in 2015. Could your company be next?
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
