2014 National IP LawMeet®
The 2014 National IP LawMeet® is the premier lawyering competition for students contemplating a transactional practice focused on Intellectual Property (IP). The 2014 National IP LawMeet® is part of the LawMeets® family of live, interactive educational competitions designed to give law students a hands-on experience to develop and hone their transactional lawyering skills.
2014 National IP LawMeet® Topic
To be determined.
About the 2014 National IP LawMeet®
The 2014 National IP LawMeet® will take place in the fall of 2014. There will be an East Coast Regional Meet (host school to be determined) and a West Coast Regional Meet (host school to be determined). The top two performing teams (one from each side) of each Regional Meet will participate in a virtual National Meet.
The primary goal of the 2014 National IP LawMeet® is to provide each participant a meaningful and engaging simulation of transactional IP practice. The Meet involves three distinct phases. First, students work in teams to draft a transactional agreement in which IP rights constitute a key element. Second, each team completes a mark-up of one of the opposing team's drafts. Finally, opposing teams negotiate the contours of the deal. Each team will represent one of two parties to a proposed transaction involving the transfer of IP (i.e., the owner or the transferee). While participating students should have a basic knowledge of IP law, but students need not have technical knowledge of any particular field. Even though IP will form the backbone of the agreements being drafted, these are the very type of deals that all transactional lawyers at law firms or in-house counsel at corporations draft on a daily basis. Although the specific deal being drafted will change from year to year, each agreement will represent a typical paradigm for the IP transactional legal practice. Examples of such deals could include an IP licensing deal, a corporate acquisition of IP assets, an employment agreement where the services rendered include the production of IP, a theatrical pick-up distribution agreement or a partnership agreement for the exploitation of IP in new media outlets.
A panel of experts from private practice will evaluate each team's success in achieving the goals of the parties to the transaction. The winning team will be the one that adeptly combines its lawyering skills, drafting, and negotiating techniques with their knowledge of contract, corporate and IP law. Teams will also be evaluated for their business acumen and ability to structure innovative and creative solutions for modern IP problems within the transactional setting.
Participating teams are endorsed by their respective law school. Up to 24 teams will be invited to participate in the 2014 National IP LawMeet®.
Phase I: Drafting Stage
Each participating team will be provided with 1) a statement of the context of the transaction; 2) facts specific to their client's situation, including a video recording of a meeting with the client to discuss the proposed transaction; and 3) a precedent form of agreement.
Each team will prepare and submit a proposed agreement outlining the significant terms for the deal by Friday, Oct. 17, 2014. Teams have an opportunity to ask questions of their client during a client conference call on Friday, Oct. 10, 2014.
Phase II: Mark-Up
Each team will receive two proposed agreements prepared by the teams they will encounter during the Meet's two rounds. Each team will then prepare a mark-up of one of the opposing team's. All mark-ups are due on Friday Oct. 31, 2014. Like the drafting stage, teams have an opportunity to ask questions of their client on a conference call on Friday, Oct. 24, 2014.
Phase III: Negotiations
For negotiations, teams will gather at the West Coast Regional Meet (host school to be determined) or the East Coast Regional Meet (host school to be determined) on Friday, Nov. 7, 2014. Every team will participate in two negotiation rounds. During the rounds, teams will encounter the teams whose draft agreement they previously marked-up.
Based on the teams' performances during the rounds, the top performing team from each side of West Coast Meet and East Coast Meet will be selected to advance to the finals to compete for the IP LawMeet® National Championship.
A panel discussion will immediately follow the final round of the West and East Coast Meets. The final round panel, the teams and the audience will discuss the transaction, the draft agreements and the team performances.
Specific details to follow regarding the National LawMeet.
In addition to awarding the West and East Coast Finalists awards for the two best draft agreements for the East Coast and West Coast Regional Meets will be presented at the conclusion of the panel discussion. National Championship titles will be awarded at the conclusion of the National Meet.
To secure a place at the 2014 National IP LawMeet®, a team must pay a $450 non-refundable fee. You can register and pay on the registration page. Teams must provide their own transportation and lodging. Certain meals at the Meet will be provided. Arrangements for discount hotel accommodations will be made. Details regarding hotel arrangements and local transportation can be found here. For further information, please email email@example.com.