Just look at the recent case between Virgin and Brightline,
The fallout was over whether the Virgin brand was still a brand of ‘international high repute’ in 2020 due to disruption caused by the pandemic.
Although Virgin emerged victorious with a significant damages award, the journey was tumultuous with a long trial and a likely appeal to come.
It’s a clear reminder that even the strongest licensor-licensee relationships can sour, leading to potential legal battles. But here’s the silver lining: IP insurance.
🔹 Why consider IP insurance?
· Safeguard against legal costs when enforcing rights against defaulting licensees.
· Provide legal coverage for IP infringements, oppositions, and revocation actions.
· Offer peace of mind, especially when there’s a size disparity between litigating parties.
· And most importantly, it’s now more affordable than ever.
Are you new to IP insurance? Want to protect your business against potential IP disputes? Let Safeguard IP guide you through its benefits. 🛡️
📞 Reach out to David Bloom TODAY and protect your assets for tomorrow.