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Would IP/Patent law be considered transactions work?
Posted: Mon Sep 24, 2012 3:07 pm
by dkang
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?
Re: Would IP/Patent law be considered transactions work?
Posted: Mon Sep 24, 2012 3:10 pm
by lsatprepguy
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
Re: Would IP/Patent law be considered transactions work?
Posted: Mon Sep 24, 2012 3:13 pm
by dkang
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!
Re: Would IP/Patent law be considered transactions work?
Posted: Mon Sep 24, 2012 3:52 pm
by bk1
Re: Would IP/Patent law be considered transactions work?
Posted: Fri Sep 28, 2012 3:28 pm
by RCinDNA
Yes. I do licensing and work with many IP attorneys directly.