Abstract
Insurance is a tool for diversifying risks and reducing losses, and is also a reasonable means for risk management under market economy conditions. In daily life, individuals and companies are also exposed to infringement or litigation risks when they exercise intellectual property rights. This will bring huge economic burdens to individuals or businesses. Currently, intellectual property infringement cases in China are on the rise every year. Intellectual property insurance is an insurance system established for the purpose of infringement of intellectual property rights, compensation for intellectual property litigation costs and damages. At present, intellectual property insurance is practiced in many countries. The author introduces foreign intellectual property insurance legal system such as United States, Britain and Japan, also the present situation of intellectual property insurance in China, especially a series of practices in intellectual property insurance field in China. Therefore, under this background, the studies and analyzes current situation of intellectual property insurance of these countries are necessary for China to establish a legal system, which will help China to form a protective system of intellectual property rights of legal relief, administrative arbitration and economic compensation, it has some advantages, it should be as an important part of China’s intellectual property strategy.
Highlights
Apple and Samsung’s patent war just broke up, and the IPAD trademark case ended with Apple paying $60 million
The author introduces foreign intellectual property insurance legal system such as United States, Britain and Japan, the present situation of intellectual property insurance in China, especially a series of practices in intellectual property insurance field in China. Under this background, the studies and analyzes current situation of intellectual property insurance of these countries are necessary for China to establish a legal system, which will help China to form a protective system of intellectual property rights of legal relief, administrative arbitration and economic compensation, it has some advantages, it should be as an important part of China’s intellectual property strategy
Insurance is an important way to disperse the risks of daily life in the society
Summary
Apple and Samsung’s patent war just broke up, and the IPAD trademark case ended with Apple paying $60 million. We can see that how important for the market body’s early formulation of the risk management and control system enables it to actively respond to intellectual property rights infringement disputes or lawsuits at the time of its occurrence, thereby reducing its adverse impact on itself. In this risk management system, intellectual property insurance is undoubtedly a scientific response to reduce the risk of companies participating in intellectual property litigation. It is expected that this will help the academic community to make more in-depth research and reflections on this field and make a contribution to China’s early construction of a legal system for intellectual property insurance
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