Method of protecting against a change in value of intellectual property, and product providing such protection
Patent 6018714 Issued on January 25, 2000. Estimated Expiration Date: November 8, 2017. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
Disclosed herein is a method of providing protection against an unexpected change in value of an intellectual property asset, which includes:(a). obtaining a description of at least one intellectual property asset of a first party,(b). determining a value of the at least one intellectual property asset,(c). determining a cost of providing compensation for an unexpected change in value of the at least one intellectual property asset, and(d). offering to provide compensation for at least a portion of any unexpected change in value of the at least one intellectual property asset to a person with an interest in the first party. A corresponding data processing system, insurance proposal form and computer-generated insurance policy form also are disclosed. The method, system and forms of the invention can be used, for example, as part of a "due diligence" analysis in the context of the purchase and/or sale of intellectual property assets.
Other References
Robinson, International Computer Law Adviser, Dec. 1991-Jan. 1992, pp. 21-43
Harbert, Technology Access Report, published by University R&D Opportunities, Inc., Mar. 15, 1990
Cripe, San Antonio Business Journal, Oct. 1997
Lane, High Technology Business, v9, n1, p8, Jan. 1989
Higdon, Journal of Commerce, Oct. 3, 1989
Mulcahy, National Underwriter Property and Casualty, n 3, p 3, Jan. 16, 1995
Friedman, Economic Analysis of Law, Stanford course outline, 1996, www.best.com/~ddfr
Encyclopaedia Britannica, 15th edition, 1994
Redtin, M., "Intellectual Property Due Diligence for the Buyer or Seller of a Business," The Lawyers and Legal Resource, Feb. 1994
Anson,W, "Setting Market Values for Trade Secrets" The Law Wokrs, Feb. 1995
Anson,W, "Valuing Trademarks, Patents . . . In a Bankruptcy Environment," The Law Works, Aug. 1995
How Insurance Can Reduce Intell. Prop. Risks, National Underwriter, Feb. 24, 1997
Golant,J. "A Seventeen Year Monopoly for a Security?" The Law Works, Jul. 1994
Zotos,F, "Unlocking the Potential of Innovation . . . " Intell. Prop. Today, Sep. 1997
November 8, 2017. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
