Insuring your intellectual property in a lawsuit in case of any infringement is the best thing you can ever do to achieve your full potential and achieving everything you ever produce or innovate.
Intellectual property describes different article such as patents, trademarks, copy right and trade secret etc.
These are articles that individual or company produces in the course of time, especially books, music, portray etc., needs to be protected as individual’s property or company.
Intellectualproperties are protected as other articles against the invasion of piracy or other infringement against the property of individual’s.
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How insurance company can protect your intellectual property is the understanding that you have the right of the place ownership in the intellectual property you create against any infringement, this is what it takes to take charge of your property and to be guided.
When you don’t understand how to safe guard your property, some people might sell your labour without you knowing you are supposed to gain from it more than anyone else.
When you don’t protect your intellectual property, you give pathway for the pirates to cheat on you of your labour as such you lose every of your labour to the outside world.
Assuch when your intellectual property is infringed, you have the right to go for ligation against anyone that does it be it government, company or an individual for going against the rule and regulation of the land by lifting their hand to steal from your creativity.
Thisindividuals then can be sued for attempting or deliberately taking what is not theirs for their gain which is a chargeable offence.
#1 Defense coverage
For every individual or company that has a defense coverage, it is okay for the future.
This makes you to move against any individual that has pirated or infringed your intellectual property that you or a company has produced for sell and protect by law of the land in case of any infringe, the pirate will pay for it.
How insurance can protect your intellectual property is protecting and guiding you against anyone that intends to destroy your labour through using the product without permission.
This is why you need to be guarded by law for creating the space for your creativity not to be stolen.
Onceyou copyrighted your intellectual property through a lawyer, it helps you to be protected in what you create or innovate. Should in case of any eventuality, you would know how to handle the property by the insurance existing laws of infringement.
#2 Enforcement coverage
How insurance company can protect your intellectual property is after the individual or company has registered the business in the law court against infringement.
This is when the individual or company can sue for damages. Thus it helps the individual or company to succeed against pirate from time to time.
The law suit will go after anyone that has infringed the right of the individual or company right.
The law of insurance is against any individual that infringes the patent, brand, trade mark or copy right of the creator.
In other to claim any infringement made in the law court for the individual who has the whole right of the product as stated in the intellectual property act of the country to receive the worth cause gain in money by from the pirate.
#3 Patent insurance
Patent insurance covers everything about your right in term of intellectual property which no one has right to extract, transmit, copy or pirate for any reason beyond any reasonable doubt when proven in the law court the pirate lift it up for personal gain.
How insurance company can protect your intellectual property from the hand of pirate is the approach you have made that claims where they are accused of infringement and lawsuit where others infringe upon the existing intellectual property rights.
This property policy provides legal fees and offers enforcement coverage in all the right of the owner of the intellectual property.
When you discover that the intellectual property has been infringed, you have the right to take up a lawsuit against the individual that has infringed the right of the intellectual property in accordance with the existing law of the land and claims damages by the individual who owns the property.
It is understood in this context that you are the right and the person of your intellectual property thus, you can sue anyone that infringes your person in the court of established jurisdiction.