Intellectual Property Defense Cost Reimbursement Insurance,
Intellectual Property Defense Cost Reimbursement Insurance Definition:
Coverage that covers policyholders' legal costs in defense lawsuits if the policyholder has committed a patent, trademark or copyright infringement. Since the purpose of this policy is to cover defense expenses only, no protection is provided against the loss if the sick person finds out that he has infringed on any other intellectual property. The reason for this view is that the breach is usually (but not always) intentional and would be against public policy to cover up the insurer's intentional actions.
Literal Meanings of Intellectual Property Defense Cost Reimbursement Insurance
Intellectual:
Meanings of Intellectual:
In terms of intellect.
Highly intelligent person.
Sentences of Intellectual
Children need intellectual stimulation
A great political and intellectual thinker
Synonyms of Intellectual
thinker, cerebral, bluestocking, woman of letters, sage, intelligent person, academic, highbrow, man of letters, brain, learned person, bookworm, bookish person, cognitive, scholar, mental
Property:
Meanings of Property:
Something or things that belong to someone.
An attribute, quality, or feature of something.
Sentences of Property
Oliver wanted his belongings out of the house
Thermal properties to produce metal at constant speed
Synonyms of Property
stuff, mark, personal effects, power, effects, characteristic, feature, belongings, attribute, hallmark, possessions, trait, quality, goods, worldly goods, things, movables, chattels
Defense:
Meanings of Defense:
Defending or carrying out an attack.
In any case, the cases brought by the plaintiff or the defendant or by them.
The act or role of defending a goal against an opponent (in sports).
Sentences of Defense
He came to defend the eccentric teacher
The farmers' defense was that they only wanted to hurt the thieves.
We play a strong defense
Synonyms of Defense
shielding, safeguarding, rebuttal, guarding, denial, protection
Cost:
Meanings of Cost:
Payment (a sum of money) is required before the acquisition or realization of an item or action
Synonyms of Cost
fee, be valued at, put a value on, tariff, estimate the cost of, selling price, amount to, be priced at, levy, put a price on, charge, market price, estimate the price of, asking price, fare, put a figure on, hire charge, sell for, value, fetch, be, toll, rental, come to, evaluate
Reimbursement:
Meanings of Reimbursement:
Pay the person who spent or lost the money.
Insurance:
Meanings of Insurance:
An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.
Synonyms of Insurance
safety measure, financial protection, security, indemnification, safeguard, preventive measure, cover, provision, protection, indemnity, shelter, precaution, immunity, surety, defence
Intellectual Property Defense Cost Reimbursement Insurance,
How Do You Define Intellectual Property Defense Cost Reimbursement Insurance?
Insurance coverage that pays the policyholder for legal costs incurred in defense of lawsuits alleging that the policyholder has infringed on a patent, trademark or copyright. Since the purpose of the policy is only to cover defense expenses, if the policyholder is actually found to be infringing the intellectual property of the policyholder, there is no insurance coverage for damages to the policyholder. The reason for this implementation is that violations are often (but not always) intentional, and it is public policy to protect the deliberate actions of policyholders.
Literal Meanings of Intellectual Property Defense Cost Reimbursement Insurance
Intellectual:
Meanings of Intellectual:
Someone with a highly developed intelligence.
Synonyms of Intellectual
mindly, bright spark, walking encyclopedia, phrenic, maven, Brahmin, mastermind, theoretical, wizard, gifted child, rational, abstract, brainiac, brains, conceptual, genius, polymath, prodigy, clever clogs, pointy-head, egghead, bookman, whizz
Property:
Meanings of Property:
They collectively own something or something.
Sentences of Property
He wants Oliver and his belongings out of his apartment.
Heat properties to increase the metal evenly.
Synonyms of Property
wealth, assets, personalty, holdings, fortune, trek, resources, riches, goods and chattels, capital, securities, valuables, patrimony, gear
Defense:
Meanings of Defense:
Defend yourself or act against an attack.
A case brought by the plaintiff or defendant or in civil proceedings.
The act or role of defending the opponent's goal or window (in sports).
Sentences of Defense
Defense against such an attack.
The farmer's defense was that he only wanted to hurt the thief.
The wolves retreated to defend themselves.
Synonyms of Defense
promotion, declaration, screen, resistance, case, endorsement, vindication, mitigation, fortification, extenuation, pleading, alibi, exoneration, excuse, reason, approval, apologia, support, palliation, testimony, plea, explication, deterrent, rationalization, justification, apology, advocacy, explanation
Cost:
Meanings of Cost:
Payment (amount of money) is required before receiving or performing an item or action.
Appreciate the price.
The amount that is paid or spent to buy or receive something.
Sentences of Cost
We can cover the cost of the event.
Synonyms of Cost
knock someone back, damage, worth, set someone back, valuation, face value, go for, quotation, rate
Reimbursement:
Meanings of Reimbursement:
The process of returning it to someone who has spent or lost money.
Insurance:
Meanings of Insurance:
An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.
Sentences of Insurance
Many new borrowers buy unemployment or health insurance.
Jacket hanging on the back of the chair, protected against air conditioning.
Synonyms of Insurance
assurance, (financial) protection, warranty, backstop, guarantee
Intellectual Property Defense Cost Reimbursement Insurance,
What is The Definition of Intellectual Property Defense Cost Reimbursement Insurance?
A simple definition of Intellectual Property Defense Cost Reimbursement Insurance is: Insurance coverage that pays the policyholder for legal costs that defends a lawsuit alleging that the policyholder has infringed on a patent, trademark or copyright. Since the policy is intended only to cover defense costs, there is no insurance coverage for damages to the policyholder if the policyholder is indeed found to be infringing on the intellectual property of the policyholder. The reason for this implementation is that violations are often (but not always) intentional, and it is public policy to protect the deliberate actions of policyholders.
Literal Meanings of Intellectual Property Defense Cost Reimbursement Insurance
Intellectual:
Synonyms of Intellectual
analytical, rocket scientist, Einstein, boffin, ratiocinative, psychological, logical, brainbox, expert, pandit
Property:
Meanings of Property:
Anything or things that he collectively owns.
An attribute, quality or attribute of something.
Sentences of Property
Heat properties for dispersing metal at the same rate
Defense:
Meanings of Defense:
The act of defending oneself against an attack.
A lawsuit brought by or against the defendant or defendant in a civil case.
The act or role of defending a goal or object against an opponent (in sports).
Sentences of Defense
The wolves were chased away for defense.
Insurance:
Meanings of Insurance:
An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in return for certain premiums.
Something that protects against possible accidents.
Sentences of Insurance
Jacket hanging behind the seat, protected from air conditioning
