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How would the insurance policy differentiate between patent trolling and legitimate patent abuses? Because I could foresee a company purchasing this insurance
by 300bps 10y ago
How would the insurance policy differentiate between patent trolling and legitimate patent abuses? Because I could foresee a company purchasing this insurance and then willy-nilly violating patents to their hearts content.
- 6stringmerc 10y agoSimple contract language. There's no compulsion for a legitimate Insurance Team to undewrite a fraudulent risk, and that language will be included in the contract/agreement. I do think it of akin to Auto Insurance Companies in the US being able to deny a claim if the Claimant was doing something against the policy, e.g. "You were street racing and therefore we are not covering your liability" is a seemingly proven out.
- wongarsu 10y agoThe insurance company could cover legal costs, but only until they lost X of your cases (for small X).