The Intellectual Property Financial Tool
- Topics:
- Property
- Tags:
- Business Operations,
- Corporate Insurance,
- Insurance,
- Intellectual Property,
- Intellectual Property Insurance,
- IP,
- Network Technology,
- Networking,
- Research & Development
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Overview: It is impossible to ignore this truth: intellectual property is the business asset of the future. Any company that does not realize this today will not be around long enough to defend its head-in-the-sand position tomorrow. IP owners investigating the financial possibilities of intellectual property are discovering that it can be used to generate value beyond its price tag. Previously intellectual property was not considered to be insurable like tangible property and later on it is taken into account. Intellectual property insurance provides the benefits of: (1) legal enforcement or defense of the only right of intellectual property--to exclude others from making, using, selling or offering for sale the subject matter of the IP; and (2) the opportunity to recoup what is lost when that IP right or the freedom to use a particular type of IP is lost. IP policies keep the company's bottom line clean by controlling costs. The insurance prevents unexpected cash drains on operations and reduces pressure on patent holders to settle cases because of mounting legal expenses. This makes IP litigation costs more predictable and budgets more accurate.
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Format: HTML | Date: Jan 2003 | Pages: 1
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