Patent Attorney and Founder
Hi everybody I’m JD Houvener he proposed to the bolt today still were you the inventor or entrepreneur it’s your daily inspiration so that you can go make the world a better place [Music]
alright we’re talking about IP intellectual property insurance and it’s a five part series this is a third session yes we talked about the first type of insurance policy that you can get if you’re going down the process of getting a pet and that’s patent infringement policy meaning we get that patent granted as we talked about yesterday you will have the ability to have coverage for paying your attorney fees and court costs if there are any for going after and it would be infringer today we’re going to talk about just the opposite let’s say you’ve gone down the initial step of doing a patentability search with your attorney let’s say it’s a bullet bold patents attorney and through diligence and effort and searching unfortunately the answer comes back saying look we don’t recommend that you file we think there’s already something that’s been out there and published on this and we don’t think you can get a patent on this specific invention right but you still love it it’s still your passion and you want to pursue it in the marketplace the next question that you would probably want to ask is hey if I co start making and selling this out in the public am I likely going to be sued and will I be sued meritoriously meaning will I really lose and be a at a at a disadvantage and will I be ceased from moving forward with my business so that question would normally be addressed and it was called a freedom to operate opinion and those are quite extensive expensive and time time-intensive so the the main issue there is that for the inventor or the business owner rather at this point they decided not to file their patent or seek an application they want to simply move the product in the market but they want to go to have some protection and so that’s what this insurance is for so through a third-party broker we introduced the business owner to a broker that can help provide a policy patent defense policy and so a patent infringement suit against them and they will be able to use the coverage to help hire legal counsel to defend against infringement and I would of course begin with attacking the validity of the accused patent going after the fact that hey I’m not really infringing whatever the case may be but it’s the ability for that business owner to stay in business it’s actually build it to afford that litigation it’s a wonderful solution I’d love to talk with you more about it if you have more questions if you want to do that please give us a call at
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