Patent ID: 6018714
Filing Date: 2000-01-25
Classification: G06Q

Abstract:
A data processing system for use in administering an insurance program to insure the value of an intellectual property asset, comprising:(a). means for receiving a first numerical input which includes at least two of the following numerical values or sets of values:(i). a first numerical value or set of values which is representative of the likelihood that said intellectual property asset would be found valid if the validity of the asset was determined by litigation,(ii). a second numerical value or set of values which is representative of a predicted appraised value of said intellectual property asset during a particular period of time, and(iii) a third numerical value or set of values which is representative of the likelihood of a competitive intellectual property asset causing a significant reduction in the predicted appraised value of said intellectual property asset during a particular period of time, and(b) means for calculating a proposed insurance premium based upon at least the first numerical input, the proposed insurance premium being calculated prior to a transfer of ownership of said intellectual property asset from a first party to a second party, and being payable by or on behalf of said second party upon or after said transfer of ownership.