Nature of intellectual property rights, as well as process for obtaining and enforcing them. BLAW 525 Business Law for Innovation & Competition (2) Primary areas of focus include intellectual property (IP) law (patents, trademarks, copyrights and trade secrets) and antitrust law, as well as basic principles of U.S. law and the legal rules for related industry practices such as licensing. Students will also learn the legal rules designed to encourage competition (and punish anticompetitive behavior). Finally, the course will help students to better appreciate when professional legal counsel is necessary, and how to manage those interactions more cost effectively. Although the course will impart advanced legal concepts, prior coursework in business law is not required.