Major international corporations are increasingly becoming the targets of IP infringement suits. This has driven the need for indemnification of patent infringement liability in component/product supply agreements, particularly in business-to-business (B2B) market sectors. In addition, patent infringement liability insurance is becoming more commonplace for makers of industrial equipment who are hoping to sell their wares into several international markets.
In order to obtain an accurate picture of the potential risk of infringement, insurers have relied on the equipment suppliers and other domain subject matter experts to provide them a sense of the liability exposure. However, in some industries which are still maturing, there is a need for a more robust solution, since some of the companies competing in the industry may not have an established protocol for this type of risk mitigation activity.
As such, we have tracked and evaluated the market conditions in a specific vertical industry of the wind turbine supply chain, and we have identified the need for better visibility around the infringement risk potential as well as mitigation strategies for the turbine suppliers and acquirers.
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