Would IP/Patent law be considered transactions work?

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dkang
Posts: 62
Joined: Mon May 16, 2011 9:26 am

Would IP/Patent law be considered transactions work?

Postby dkang » Mon Sep 24, 2012 3:07 pm

Not sure if this is the right forum but seeing how this is kind of for my PS, I thought I'd ask it here. Is IP/Patent work considered transactions? I know there is IP litigation, but would the non-litigation stuff be considered transactional work?

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lsatprepguy
Posts: 163
Joined: Sun Apr 03, 2011 10:04 am

Re: Would IP/Patent law be considered transactions work?

Postby lsatprepguy » Mon Sep 24, 2012 3:10 pm

As a person who just spent countless hours with an attorney through a patent process, I would say yes. FWIW I referenced this to answer your question. Just my 0.02, though.

The term "transactional" describes the lawyer's work when they are assisting a client to achieve a business goal by performing such tasks as:

offering advice on how to structure and implement a transaction,
drafting documents,
conducting "due diligence" activities,
making regulatory contacts and filings, and
advising their client throughout the life of a project

dkang
Posts: 62
Joined: Mon May 16, 2011 9:26 am

Re: Would IP/Patent law be considered transactions work?

Postby dkang » Mon Sep 24, 2012 3:13 pm

lsatprepguy wrote:As a person who just spent countless hours with an attorney through a patent process, I would say yes. FWIW I referenced this to answer your question. Just my 0.02, though.

The term "transactional" describes the lawyer's work when they are assisting a client to achieve a business goal by performing such tasks as:

offering advice on how to structure and implement a transaction,
drafting documents,
conducting "due diligence" activities,
making regulatory contacts and filings, and
advising their client throughout the life of a project



Thanks, first-hand experience is always appreciated!

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bk1
Posts: 18422
Joined: Sun Mar 14, 2010 7:06 pm

Re: Would IP/Patent law be considered transactions work?

Postby bk1 » Mon Sep 24, 2012 3:52 pm


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RCinDNA
Posts: 233
Joined: Mon Nov 28, 2011 1:55 pm

Re: Would IP/Patent law be considered transactions work?

Postby RCinDNA » Fri Sep 28, 2012 3:28 pm

Yes. I do licensing and work with many IP attorneys directly.




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