Mon, May. 19, 2008

IP Litigation Coverage

.   For the longest time, German insurers would not touch insurance coverage for the legal cost of IP litigation. Now, an insurance product provides such coverage for patent and trademark litigation.

The cost of litigation in Germany is generally more predictable in Germany than the United States because of fee statutes that pin attorneys fees and court costs to the value in dispute, Streitwert. Ignoring flexibility added to the fee statutes in recent legislation, insurers can base their calculations on the statutes and not the hourly fee agreements that have become more common.

Darmstadt-based GMP GmbH is said to be the first insurer offering an insurance plan for IP litigation. The GMP plan is available to individuals and companies with up to 100 employees. [Insurance coverage, ]


      CURRENT :: 2003 :: 2004 :: 2005 :: 2006 :: 2007 :: 2008 :: 2009 :: 2010 :: 2011 :: 2012 :: 2013 :: 2014 :: 2015 :: 2016 :: 2017