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.
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.
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Ray Lokar |