RPX Patent Insurance and Pro-Active Intellectual Property Risk Management Strategy

The world is more integrated now. A business cannot stay isolated from the rest of the business world. Both good and bad news are traveling fast. The unique product or service you are offering is already in the limelight. Therefore, it hardly takes much time for a patent troll to discover you. Your unique idea, design or invention is priceless. It should be protected. Therefore, your financial position should enable you to defend your idea. If you are a company working on a particular technology then your intellectual property rights are always at risk. And, in the below-given facts, you can see that the risk is increasing in leaps and bounds.

The number of patent cases filed in 1990 was 914. And, in 2010, the number was increased to 3531. The risk is increasing. No business want to be involved in patent infringement lawsuit as it is very expensive. If you are willing to fight then you need to know that the losing side (if it is not a big company) often goes out of the business. On the other, if you are willing to settle, you will be seen as an easy target.

Therefore, you should have a proactive strategy for risk management. This will help in avoiding patent litigation and defending your rights.

RPX Patent Insurance

Having RPX patent insurance for defending or enforcing your IP rights is a great financing strategy for infringement risk management. You have a great financial resource that can keep patent troll at bay. An RPX patent insurance can discourage them. It makes you a hard act to follow.

IP Defense Insurance Coverage

This policy is for reimbursing your litigation expenses when you are defending against infringement charges on another’s intellectual property rights. It is a cost effective solution for small companies. With this insurance coverage, small companies need not fund lawsuit.  

IP Abatement Insurance Coverage 

This policy reimburses litigation expenses when you are enforcing your IP rights against infringers. This insurance coverage saves your business from financial stresses as you are not using your cash reserves to cover your litigation expenses.   

Including RPX patent insurance in intellectual property risk management strategy endows you with some other benefits such as:

Preserving market share

Preventing cash drain

Attracting investors

Less distractions of lawsuit and more focus on business

In a nutshell, you must have an RPX patent insurance and proactive risk management strategy to protect your intellectual property rights.