Intellectual Property Licensing Examination, Summer 2008, Exams of Industrial Technology

Download Intellectual Property Licensing Examination, Summer 2008 and more Exams Industrial Technology in PDF only on Docsity! TECHNOLOGY LICENSING SUMMER 2008 INTELLECTUAL PROPERTY SUMMER INSTITUTE PROFESSOR KARL F . .JORDJt FINAL EXAMINATION This is a two-hour (with more time for ESL students), open-book exam. You may consult any materials. Yet, your examination must be your own work. Do not discuss it with other students. ~ Write your answers in the blue books supplied, but please use only one side of the ~ and observe the mar2ins. Please do write legibly. Grading will be anonymous; please do not put your name on anything you tum in. USE YOUR EXAMINATION NUMBER. PROBLEM I A. Facts ****** Your (client) corporation manufactures and sells carpets. It obtained a basic patent which describes and claims a novel method of tufting carpets. Additionally, it has two patent applications pending in the U.S. Patent & Trademark Office and two invention disclosures waiting to be filed, all covering improvements to this tufting method. You have been asked to draft a royalty-bearing license agreement for several other companies in this industry to use this tufting method. B. Question For starters please draft an appropriate Grant Clause with a Definitions Clause for terms used in the Grant Clause that need to be defined. [20 points] PROBLEM II A. Facts Your (client) corporation manufactures and sells dyestuff for dyeing carpets, among other products. A technical director of this corporation invented an improved method for tufting carpets and obtained a patent which describes and claims this tufting method. This tufting method is a great advance in carpet manufacturing and 20 companies, some of whom already are buyers of dyestuffs of your (client) corporation and some of whom have been targeted as potential customers, showed an interest in being licensed to use this tufting method - even for royalty payments. Nonetheless, you offer royalty-free licenses to all ofthem.