In the best interest of their clients, many attorneys recommend that clients purchase Intellectual Property Abatement coverage. This is so their clients have the financial means to enforce their Intellectual Property rights or patents against infringers.
But other attorneys are quick to discourage clients from purchasing this coverage. Intellectual Property Abatement Insurance covers the insured’s litigation expenses incurred when enforcing their intellectual property up to the limits of the policy.
The first two reasons may exclude your attorney from being involved in prosecuting the infringement of your intellectual property. This denies them an opportunity to make money. If your attorney does pass the first two conditions, the third reason may limit how much he or she can charge you for legal services.Posted By: Paul L. Owens
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