Studies On A Review Of Intellectual Property Insurance In The U.S. And Germany

In knowledge economy era, much of a company's true value relates to intellectual property and the financial community is making the presence or absence of a company's IP strategy a factor in its investment decisions. Therefore, in today's hyper competitive marketplace, on the one hand, businesses should make full use of intellectual property system to guard their assets; on the other hand, businesses should have a strategy of IP risk management to handle intellectual property claims. In general, larger companies can afford to maintain litigation, while smaller companies or individuals who pursue judicial recourse often do not have the necessary capital to sustain a long court battle against a well-financed opponent. Here,intellectual property insurance can solve this problem. When businesses pursue claims against other businesses that may have infringed on their intellectual property rights or businesses want to guard themselves from commercial claims, IP insurance is much needed. Because the firm's protection of intellectual property is essential for its market position and its future development, IP insurance is becoming increasingly important from both an offensive and a defensive perspective.Because IP insurance can afford efficient protection to intellectual property, this article advises that China insurance should open up IP insurance. IP insurance develops well in the U.S. and Germany, so this article will first introduce these two countries' IP insurances, and then compare and analyze them. As a result, this article will express the idea of how to open up IP insurance.As IP insurance is a new thing in the world, and no scholars make any studies on it in China, this article can be the first thesis that explores IP insurance in China. But limited by the author's insufficient legal knowledge, this article only make superficial research, deep studies should go on in the further.