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How the right insurance policy can protect you in a patent lawsuit

This story appears in the November 1997 issue of Entrepreneur. Subscribe »

Here's an eye-opening fact: In the 1997 Economic Survey by the American Intellectual Property Law Association (IPLA), the median cost of litigating a patent infringement lawsuit through trial can range from $300,000 to $3 million.

Intellectual property litigation is one of the most expensive forms of litigation in our country. So what can a strapped-for-cash entrepreneur do when he or she needs to defend the most valuable asset of his or her fledgling company?

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