This document discusses patent infringement defense strategies and Inter Partes Review (IPR). IPR is an administrative process that allows parties to challenge the validity of patents before the Patent Trial and Appeal Board (PTAB). The document compares the costs of full litigation versus IPR, noting that IPR costs $300,000-$500,000 compared to $2,000,000 for full litigation. Insurance for IPR costs $7,000-$10,000 with limits up to $500,000, while full litigation insurance costs $40,000+ with $2,000,000 limits. The presenter, Alex Fjelstad, has experience as an executive in insurance and technology companies and currently advises clients on