Rest Insured

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

By Tomima Edmark • Nov 1, 1997

Opinions expressed by Entrepreneur contributors are their own.

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

Intellectual property litigation is one of the most expensiveforms of litigation in our country. So what can a strapped-for-cashentrepreneur do when he or she needs to defend the most valuableasset of his or her fledgling company?

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