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Congratulations, now you've secured your Patent, Trademark, Design or other intellectual property rights, you need to make sure you can protect them.The hard truth about your IP rights is that they are only as strong as they are defendable, and this defence comes at a cost. The average cost of legal representation and experts in UK Patent disputes is unlikely to be less than £350k, and in larger more complex commercial cases this increases to £1.25m. (source: World Intellectual Property Organisation) Most individuals or companies simply don't have the funds required to protect their IP against the risk of others exploiting their ideas. IP insurance provides this protection paying the legal costs in either pursuing or defending your IP rights. What does this mean for you and how can you protect yourself? Contact us today to find out!
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