Richard Conroy

Title: Richard Conroy: Innovator in Intellectual Property Risk Management

Introduction

Richard Conroy is a notable inventor based in Chicago, IL (US). He has made significant contributions to the field of intellectual property management, particularly in the area of risk mitigation related to patent litigation. His innovative approach has garnered attention in the industry.

Latest Patents

Richard Conroy holds a patent titled "System and method for managing intellectual property-based risks." This invention presents methods and systems for managing an entity's risks of patent coverage. More specifically, it is directed to insuring entities against damage awards in patent litigation. The methods and systems allow manufacturers to minimize their exposure to damage awards by conducting pre-emptive analyses and properly allocating funds for royalty payments and/or damage awards. Additionally, an insurance captive is established as a risk management tool to protect manufacturers against excessive damage awards.

Career Highlights

Richard Conroy is associated with Ocean Tomo, LLC, where he applies his expertise in intellectual property risk management. His work focuses on developing innovative solutions that help companies navigate the complexities of patent litigation and associated risks.

Collaborations

Richard has collaborated with notable professionals in his field, including Robert J Block and Adam Clifford. Their combined efforts contribute to advancing the understanding and management of intellectual property risks.

Conclusion

Richard Conroy's innovative work in managing intellectual property-based risks has made a significant impact in the field. His patent and career at Ocean Tomo, LLC highlight his commitment to helping manufacturers navigate the challenges of patent litigation.