PATENT INSURANCE AND TAX SERVICES

There is no point in having patents and trade marks if you cannot afford the legal costs of defending them against infringement. Legal expenses insurance arranged through Comerford Technology Management Ltd. covers the risk of losing a case which could cost as much as €150,000 (Euros) per day. The insurance is underwritten by Lloyds and can give worldwide cover.

In the Republic of Ireland, income from patents resulting from Irish inventions is exempt from tax. This is a complex area and individuals and companies need to make sure that their patent and licensing programmes are correctly structured so as to avail of the tax exemption. Kieran Comerford has been advising in this area for many years and is familiar with the many changes in legislation which have taken place.