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Patent and Engineering Law Classes

With Professor Joe Barich

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Startups: Incorporation, Funding, Contracts, and Intellectual Property (ENG/TE 450)
(Formerly: Legal Issues In Engineering Entrepreneurship)

This course will explore how legal tools may be used in the construction and successful operation of your company to deliver the next great product to market. Topics covered in the class include: issues with business formation, intellectual property, non-disclosure agreements, contracts, and other corporate legal issues particularly impacting startups.


Fall 2017 Syllabus

Class #

Materials

Class Topic

1

Sole Proprietor

Partnership

General Partnership

Uniform Partnership Act

Limited Partnership

Limited Liability Partnership

Corporation

C-Corp

Privately-Held Company

S-Corp

Limited Liability Company (LLC)

Piercing the Corporate Veil


I.          Basics and Forming a Business

            A.        Business Entities

                        1.         Sole Proprietorship

                        2.         Partnership

                        3.         Corporation

                        4.         LLC

 

CLASS 1 NOTES




2

Articles of Incorporation

Bylaws

Illinois Business Startup Guide

Illinois Corporate Name Search

USPTO Trademark Search

Domain Name Registrar (Go Daddy)

New Generic Top Level Domains

Illinois LLC Guide

Illinois LLC Articles of Incorporation

Sample LLC Operating Agreement

Illinois Corporation Guide

Sample Corporate Bylaws

Sample General Partnership Agreement

Entrepreneur Web Sites

More Entrepreneur Websites

FEIN Number Application

World Business Chicago

Chicago Business Education Classes


B.        The practicalities of forming your

            corporation

            1.         Choosing a corporate name

            2.         How a state corporation registry                         works

            3.         Bylaws and Operating

                        Agreement Examples and

                        important clauses

 


CLASS 2 NOTES

3

Seedhack Founders Agreement

Founder's Agreement Myths

Vesting

Founder's Agreement With Vesting

Stock Dilution

Co-Founder Development

Amazon Profitability


Incorporation Presentation Template


C.        Ownership agreements

            1.         Get it in writing

            2.         Founders ownership agreements

            3.         Valuation and dilution – taking

                        the long view

            4.         Restrictions on transfer of stock

            5.         Negotiation Exercise


CLASS 3 NOTES





4

How Funding Works Chart

Bootstrap Funding

CrowdFunding

Kickstarter

Actual Startup Pitch Decks

Angel Investor

Angel List

Hyde Park Angels

Angel Capital Association

Accredited Investor

SEC Accredited Investor Bulletin

Illinois Angel Investment Credit

Startup Growth Rate

YCombinator

Accelerator Listing

Startup Funding Explained

SBA Website

Venture Capital

VC Listing

Negotiating with VCs

Serra Ventures

IllinoisVentures

SBA Microloan

7(a) Loan Program

CDC/504 Loan

Gross Income

Tax Deduction

Stock Option

83(b) Election

Corporate Valuation

Typical Valuation Multiples



 D.        Funding arrangements

            1.         How startups get money

            2.         Bootstrap

            3.         Angel

            4.         Bank loan

            5.         SBA

            6.         Grants

            7.         VCs

            8.         Tax implications

            9.         Stock Options



CLASS 4 NOTES



Questions Before Exam


5

Contract

Restatement of Contracts 1

Restatement of Contracts 2

UCC 1

UCC 2

Jurisdiction

Federal Question Jurisdiction

Diversity Jurisdiction

State Courts

US Federal Courts

State vs. Federal Court Comparison

 


II.        Contracts

            A.        Introduction to Contracts

                        1.         What is a Contract

                        2.         Interpretation and

                                    Enforcement of

                                    Contracts

                        3.         Get It In Writing


CLASS 5 NOTES


 




 

 

 


EXAM #1 – On Class 1-4 materials

6

Review Exam #1

Ultra Vires

Corporate Veil

Mistake

Misrepresentation

Fraud

Duress

Undue Influence

Consideration

Promissory Estoppel

Unclean Hands

Negotiation

Contract Negotiation Basics

Contract Negotiation Strategies

Term Sheet

BATNA



B.        Contract Formation

            1.         Offer, Acceptance, and

                        Consideration, etc.

            2.         The negotiation process

            3.         Practical contract terms and

                        enforcement considerations

            4.         “Reasonably promptly”, “best

                        efforts”

 

CLASS 6 NOTES



7

Statute of Frauds

Blue-pencil 

Bankruptcy

Warranty

Implied Warranty
Indemnification Clause
NDA/Confidentiality

Non-Compete Agreement
Mass Non-Compete Reform

Jimmy John's Non-Compete
JJ Non-Compete Illinois AG Article
JJ Settlement
Illinois Freedom to Work Act
Breach of Confidentiality Suit

 

C.        Specific Contracts and terms

            1.         Performance

            2.         Modification of Agreement

            3.         Damages

            4.         Warranties

            5.         Indemnification

            6.         Non-Disclosure Agreements

            7.         Non-Competes

 

CLASS 7 NOTES



 

 

8

Term Sheet

Sample Term Sheet

National Venture Capital Assn.

Term Sheet Generator

Guidelines for Online Agreements

Google Terms of Service

Yahoo Terms of Service

Snapchat Terms of Service

Lease

Net Lease

Triple Net Lease

Sample Office Lease

Sample Commercial Lease

 

D.        Specific Contracts and terms

            1.         Term Sheets

            2.         Terms and Conditions on

                        Websites

            3.         Lease Agreements


CLASS 8 NOTES


 

9

Assignment

License

Royalties
Cross-Licensing

Sample Patent Assignment

Sample Exclusive License

Strategic Alliance

Joint Venture

Joint Venture - 2

7 Deadly Joint Venture Sins

Joint Venture Checklist

 

E.        Specific Contracts and terms

            1.         IP Assignments

            2.         Joint Venture Agreements

 

CLASS 9 NOTES


Questions Before Exam


10

Intellectual Property

Ancient Brian Surgery

Letters Patent

Patent

Copyright

Trademark

Trade Secret



III.       Intellectual Property (IP)

            A.        Into to IP

                        1.         Patents

                        2.         Copyrights

                        3.         Trademarks
                        4.         Trade Secrets


 CLASS 10 NOTES





EXAM #2 – On Class 5-9 materials



11

Review Exam #2

Patent and Trademark Office (PTO)

Patent Application

Patenting Process

US Pat. No. 7,753,421

US Pat. No. 7,017,598

US Pat. App. Pub No. US 2004/0221883

US Pat. No. 5,871,783
US Pat. No. 6,210,728

Statutory Subject Matter

Bilski

Alice v. CLS

Barich Bilski Paper

Novelty

Non-Obviousness

Patent Do's and D'oh!

Sufficiency Of Disclosure



A.        Patents

            1.         The Patenting Process

            2.         Review of Sample Patents

            3.         Recognizing Patentable

                                    Subject Matter

            4.         Novelty

            5.         Non-Obviousness

            6.         35 U.S.C. Sec. 112

 


CLASS 11 NOTES

12

Patent Claim

Novelty vs. Non-Infringement

America Invents Act (AIA)

Text of AIA

IPO AIA Comparison Chart

Design Patent

Apple v. Samsung

D595,574

D599,372

D604,305

D618,677

D593,087

 

A.        Patents

            7.         Claim Types

            8.         Novelty vs. Infringement                                Analysis

            9.         Design Patents

            10.       Startup Patent Issues



CLASS 12 NOTES








 

13

Trademark
Unregistered Trademark
Service Mark
Lanham Act
USC TM Laws
Trademark Fair Use
Genericized Trademark
PTO Tess
Trademarking Pizza Taste

Trademark Classes


 

 B.        Trademarks

            1.         What can be trademarked

            2.         TM v. ®

            3.         The Trademark Process

            4.         Using Trademarks as Business

                        Tools



CLASS 13 NOTES




 

14


 

IV.       Additional Topics

            A.        Practical Advice For Startups


CLASS 14 NOTES



Questions Before Exam



 


EXAM #3 – On Class 10-13 materials


 

 

Student Comment Excerpts
What are the major strengths and weaknesses of the Instructor?
  • He is very knowledgeable and patient in answering questions.  Plus he is humorous.
  • Prof. Barich is very practical and experienced.  We all love him.
  • Open to answering questions.  Gave relating examples for difficult subject matter.
  • The instructor was very engaging and kept the 2.5 hour class extremely interesting.
  • Reasonable instructor, very excited and knowledgeable about the material, entertaining lectures, extra resources were interesting and helpful
  • Very nice and friendly.  Excellent presenter/lecturer
  • Interesting examples, passionate about subject, involves students
  • One of the most engaging instructors I have had, always humorous, clear, and thorough in explaining topics.  Makes the material easier to understand. 
What aspects of this course were most beneficial to you?
  • Understanding a different world outside engineering.
  • The actual experience of Prof Barich as a patent lawyer and practiced in the field for many years
  • Emphasis on the concepts and understanding, clear objectives, clear expectations
  • Patents, contracts
Comment on the grading procedures and exams
  • The grading was the most fair I've ever seen.  Everything on the tests were covered in class.
  • Very fair
  • Thank you for listening and throwing out confusing questions