This is a skills-based intellectual property course covering patent licensing and patent monetization transactions. Patent licensing and monetization represents the largest financial portion of the patent economy. This practical course will focus on negotiation skills, contract drafting skills, presentation skills, and technical knowledge as used in actual licensing and monetization negotiations as well as integrating key subjects from patent law to demonstrate real-world business transactions involving patents. Students will conduct mock negotiations and contract drafting for three separate patent transactions: a mock patent sale, a mock licensing engagement, and a mock patent portfolio transaction. In particular for the mock licensing engagement, students will be divided into teams representing separate companies that each potentially infringe a patent owned by the other company and: negotiate and draft a Non-Disclosure/Standstill Agreement in order to start a substantive licensing discussion, draft claim charts showing infringement, develop a business model for damages, conduct a technical presentation showing their claim chart alleging infringement and business case for licensing, conduct a rebuttal presentation attacking the other team’s claim chart for lack of infringement and invalidity of the patent as well as rebutting damages, negotiate a term sheet for a cross-licensing deal, and draft a cross-license. Students will also receive lectures on core patent law licensing and monetization issues, contractual patent issues, portfolio transactions driving Mergers & Acquisitions, patent consortiums, patent portfolio market economics and other patent monetization vehicles.

Grades are based on quizzes that go with the recorded lectures, regular homework assignments, mock-negotiation performance, and a final project.

Students require no technical background for this course. Students are encouraged, but not required to take the patent law course or IP survey course prior to taking this class.

Additional Information:
Credit Hours: 3
Grading Option: Letter Grade Only
Graduation Writing Requirement: No
Flexible/Upper-Level Writing Requirement: No
Skills Requirement: No
Simulation Course: No
Experiential Learning: Yes
Seminar: No
Prerequisite: Students require no technical background for this course. Students are encouraged, but not required to take the patent law course or IP survey course prior to taking this class.
Special Withdrawal Course: No
Final Exam Given: No
Attendance Policy: Per Statement Of Student Policies

* The law school has a policy that is used to calculate credit hours. Please see the Statement of Student Policies.