New Help For Inventors - Patent Insurance

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Patent Law and other Invention topics.

What is patent insurance?

New Help For Inventors - Patent Insurance

Most people would think that obtaining a patent would be insurance enough. After all, isn't a patent insurance against someone using your invention?

It's common knowledge that the cost of enforcing a patent is often too costly for an inventor to bear. Patent insurance acts as help for inventors whose patents have been infringed upon. Called Patent Enforcement Litigation Insurance, it can cover the cost of a legal defense to enforce your patent. And, it often has a copayment similar to health insurance.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Invention Tip Site? Request a Tip Now!


Guru Spotlight
Tammi Reynolds