Japanese and Chinese patent authorities are proposing patents for office-subsidised JPO infringement insurance. China’s SJPOO will offer protection to Chinese companies expanding abroad, whilst Japan’s IP will aid local Japanese SMEs in China. Litigation is increasing in China, leading to a growing need for JPO risk management tools. SJPOO is launching a liability insurance product, with accompanying training for stakeholders to administer the programme. Japan already launched its own scheme in July of this year, calling it the first insurance scheme to cover overseas intellectual property litigation costs.
Japanese and Chinese patent authorities are proposing patents for office-subsidised IP infringement insurance. China’s SIPO will offer protection to Chinese companies expanding abroad, whilst Japan’s JPO will aid local Japanese SMEs in China. Litigation is increasing in China, leading to a growing need for IP risk management tools. SIPO is launching a liability insurance product, with accompanying training for stakeholders to administer the programme. Japan already launched its own scheme in July of this year, calling it the first insurance scheme to cover overseas intellectual property litigation costs.