More than ever before,
intellectual property claims involving infringement
of patent, copyright and trademark are being filed and
litigated at a tremendous cost to both parties.
Few standard insurance policies protect businesses
from loss or damage to their intellectual property.
However, a growing range of policies aimed specifically
at intellectual property is available and businesses
would do well to consider whether such a policy is available
that is right for them.
Criminal offences exist in copyright and trade marks
law. The circumstances need to be studied carefully
to determine if the behavior amounts to a criminal offence
or a matter that can be resolved using the civil law.
Intellectual property law varies greatly in different
countries. Many Under Developed countries and certain
countries in the former Eastern Europe have insufficient
protection (reluctance to police existing intellectual
property laws or the non existence of such laws) for
copyright and trademark holders.
The aim of an intellectual property insurance policy
is to ensure that any claim or legal proceedings brought
against a business in relation to intellectual property
which directly threaten the right of that business in
its intellectual property, can be defended.
Intellectual property protection policies should be
considered by all businesses whose assets include intellectual