TITLE:
Research and Enlightenment of Intellectual Property Insurance
AUTHORS:
Aizhen Li
KEYWORDS:
Intellectual Property Insurance System, Foreign Intellectual Property Insurance, Insurance
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.6 No.11,
November
8,
2018
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.