The Defense
policy reimburses litigation expenses to defend against charges of intellectual
property infringement including the costs to assert patent invalidity as a
defense, the cost of re-examination proceedings as a defense and past damages
and/or settlement costs.
IP Covered
under the Defense Policy:
US and
worldwide coverage available. Includes making, using, selling, offering for
sale, importing in commerce any product process or method of doing business
Advantages
of holding the IP Defense Policy:
·
Prevents abandoning market share by timely and
forceful defense of infringement charges
·
Prevents unexpected cash drain on operations
·
Provides litigation funds to optimize a favorable
outcome
·
Deters frivolous suits by demonstrating the ability
to be financially protected
·
Reduces the pressure to settle infringement
cases because of mounting legal expenses
·
Makes a company more attractive to investors
Premiums
·
The premium will be approximately 2% of the
limit purchased. For example, the premium for a $1,000,000 coverage limit at 2%
would be $20,000 per year.
·
The cost will vary according to product and
industry.
This material is
for informational and promotional purposes only, and in no way changes the
terms or effect of the policy language. Consult a copy of the Specimen Policy
itself for all terms, conditions and exclusions.
For
additional information please contact:
Alex
Fjelstad
Senior Vice President
Twin City Group
4500 Park Glen Road
Minneapolis, MN 55416
952-924-6910 or afjelstad@twincitygroup.com
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