Can I use my own attorneys under patent enforcement or patent defense insurance?
Absolutely. We know you have good relationships with your attorneys, and we are happy that you want to use them. Our only requirement is that the attorneys have prior first-chair experience in intellectual property litigation in federal court. If your attorney does not have this experience, we are happy to recommend attorneys who do. We…
Read MoreWho controls enforcement of my patent?
With our patent enforcement insurance policies YOU control all aspects of how to enforce your patent. Sometimes you may wish to strongly enforce their patent to prevent a specific competitor from operating in your space. Other times, you may want to obtain a license agreement from a competitor. Still other times, you may want to…
Read MoreWhat does patent insurance cost?
Patent insurance comes in two basic forms: patent enforcement and patent defense. Enforcement is where someone infringes your patent and you need to enforce your rights. Defense is when someone else accuses you of infringing their patents. This can be a competitor or a patent troll. Enforcement insurance typically costs about 1-1.5% per year of…
Read MoreWhy does BlueIron include an arbitration clause in its contracts?
We hope we don’t have any arbitration or any lawsuits, ever. However, our agreements are legal documents, and legal documents are written with lawsuits in mind. As we considered this option, it mainly came down to two things: speed and cost. Litigation is costly and time consuming. After examining arbitration as an option, we decided…
Read MoreCan BlueIron take control of the patents?
Just like with a mortgage on your house, BlueIron has no ability to affect what you do with the patents you finance. You have full *control* of the assets, even though the title is held by someone else.
Read MoreHow does BlueIron’s financing model work?
We treat your patents as collateral using a conventional commercial “lease-back” model. You have an exclusive license to the assets, and you pay monthly financing to BlueIron.
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