UMB Intellectual Property and Entrepreneurship Clinic
The Intellectual Property and Entrepreneurship Clinic (“IPEC”) is an expansion of the UMB's law school’s existing Intellectual Property Law Clinic. Students in the clinic will explore intellectual property needs with clients and will assist them in building various aspects of an IP portfolio. Students perform patentability searches and draft patentability opinions relating to the scope of protection a client might be able to receive if it filed a patent application; in appropriate situations, the student will then prepare and file provisional and non-provisional utility applications and design applications. Students also conduct trademark clearance searches, prepare written clearance opinions, and file trademark applications with the United States Patent and Trademark Office (“USPTO”). The clinic participates in the USPTO’s Law School Clinic Certification Program, giving students limited recognition to practice before the office for purposes of filing and prosecuting patent and trademark applications while they are in the clinic. In addition, students consult with clients on copyright issues and file copyright registrations with the U.S. Copyright Office. Students also counsel clients on protection of confidential and trade secret information, and they draft nondisclosure agreements and IP licenses.
In the expanded clinic, students will also provide clients with a wide range of business law services, including assistance with business entity selection and formation, drafting charter documents, and preparing shareholder and stock option agreements. The clinic will assist with regulatory matters, obtaining business permits, and business operation issues (e.g., drafting and reviewing service contracts, manufacturing agreements, and strategic partnerships). For companies interested in seeking outside investment, the IPEC will review term sheets and advise clients on financing arrangements. The clinic may also provide counseling on tax implications of various actions and will provide assistance with obtaining non-profit or benefit status.