Patent ID: 7716076
Filing Date: 2010-05-11
Classification: G06Q

Abstract:
1. A method for structuring an insurance transaction, comprising: providing insurance coverage to reimburse an insured entity in the event that the insured entity incurs a loss based on the occurrence of one or more defined events; using a processor that executes instructions contained in memory to determine an insurance premium amount to be paid by the insured entity as an insurance premium; requiring that the insurance premium amount be paid, at least in part, by a transfer of intellectual property assets, each intellectual property asset including at least one intellectual property right; and using a computer system to generate a license agreement for licensing at least a portion of the intellectual property rights associated with the intellectual property assets back to the insured entity in exchange for one or more payments under a variable royalty rate in addition to payments of the insurance premium, wherein the initial royalty rate is set by the computer system to a nominal value; wherein the variable royalty rate changes from the nominal value when the insured entity incurs a loss based on the occurrence of the one or more defined events; wherein the variable royalty rate is determined by the computer system based on the amount that has been paid to the insured entity as claims under the insurance coverage; wherein the insurance premium amount is set by the insurer according to the probability and magnitude of risk being assumed by the insurer and said insurance premium amount does not increase based on said one or more defined events; wherein the one or more defined events are related to an intellectual property lawsuit.