Overview | Features & Benefits
| Claim Information
Any company is vulnerable to charges of IP infringement by simply making, using, selling, importing or offering for sale a product and/or service; or, if it holds sought-after technology on products, processes or methods of doing business. Also, companies experiencing or planning a merger and/or acquisition, and vendor and supplier contracts requiring indemnification for IP litigation all have exposure to IP litigation.
The fact that a company has a patent on its product does not guarantee that there will not be a suit brought by a third party, such as a patent troll or a competitor, holding similar IP rights. Even if the case against the insured is unjustified or frivolous, legal bills will still be incurred in funding the defense and potential damages will still be awarded by the court.