Our product is an insurance policy developed by Jim Cashion and Litigation Risk Management to provide offensive litigation funding to the plaintiff so a valid patent may be enforced. An integral part of the insurance package is security provided by the risk management process. Any company desiring to strengthen the security of their technology portfolio at a fixed cost. This grant rewards the patent owner for his efforts with a monopoly on the invention that will assure him economic profits exceeding the profits he would otherwise experience under competition.
Patents are personal property within the broader category referred to as intellectual property.
Violation of an intellectual property right without the authority of the owner is a tort. These torts are interesting in that it is the volume of the infringer's activity in the marketplace that defines the amount of damages. The acts of the infringer destroy the patent monopoly, causing substantial economic loss to the patent owner. There is no patent police. Company must issue authorization letter after notice of claim is received based on opinion of infringement by 3rd party patent counsel Company recovers all amounts expended from any recovered judgment or settlement, and licensing fees.