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Federal Taxation of Intellectual Property Transfers

Joseph E. Olson

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Federal Taxation of Intellectual Property Transfers bridges the gap between intellectual property law and tax law by explaining how to: achieve capital gains tax treatment for licensing agreements; deal with the "sale" requirements for capital gains taxation; qualify for safe harbors; avoid the pitfalls inherent in copyright transfers; and determine when patents, trade secrets, trademarks, copyrights and other intellectual properties qualify as capital assets. This tax-planner's tool also discusses judicial and legislative developments as they relate to capital assets sold or exchanged and provides a full analysis of amortization deduction rules and recovery of acquisition costs.

Book #00597; looseleaf, one volume, 612 pages; published in 1986, updated as needed.
ISBN: 978-1-58852-036-4

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  • Availability: Available
  • Brand: Law Journal Press
  • Product Type: Books
  • Edition: 0
  • Page Count: 612
  • ISBN: 978-1-58852-036-4
  • Pub#/SKU#: 00597
  • Volume(s): 1

Author Image
  • Joseph E. Olson
Professor Olson teaches at the Hamline University School of Law in St. Paul, Minnesota.

CHAPTER 1
Introduction

§ 1.01 In General
§ 1.02 Inventor’s Needs
§ 1.03 Congressional Policy

CHAPTER 2
The Statutory Scheme

§ 2.01 Regular Capital Gains Provisions
§ 2.02 Safe-Harbor Capital Gains Provisions
§ 2.03 Treatment of Losses
§ 2.04 Drafting Suggestions

CHAPTER 3
Basic Patent Law Concepts

§ 3.01 Authority to Issue Letters Patent
§ 3.02 Statutory Bars
§ 3.03 Non-Obviousness
§ 3.04 Negative Rules of Patentability
§ 3.05 The Patent Application
§ 3.06 Patent Infringement
§ 3.07 Patent Rights and Transfer Rules
§ 3.08 Title
[1] Nature
[2] Transfers: Assignment v. License
§ 3.09 Assignments
[1] Nature and Requirements
[2] Form and Recording
§ 3.10 Licenses
[1] Nature and Requirements
[2] Shop Rights
§ 3.11 Royalties

CHAPTER 4
Regular Capital Gains Sections

§ 4.01 In General
§ 4.02 Capital Asset Status
§ 4.03 Qualification as “Property”: Patents
§ 4.04 Compensation for Services
§ 4.05 Ancillary Services and Intangibles
§ 4.06 Inventory-Type Property
§ 4.07 “Trade or Business Property”
§ 4.08 Holding Period
§ 4.09 Improvements

CHAPTER 5
The “Sale” Requirement: Major Factors

§ 5.01 Introduction
§ 5.02 Assignment v. License
§ 5.03 The “Substantial Rights” Standard
§ 5.04 Duration
§ 5.05 Mode of Payment
§ 5.06 Fragmentation of Patent Rights
§ 5.07 Geographic Limitations
§ 5.08 Field-of-Use Limitations
§ 5.09 Less Than All Claims Transferred
§ 5.10 Prior Transfers
§ 5.11 Undivided Interests
§ 5.12 Charitable Contributions

CHAPTER 6
The “Sale” Requirement: Other Factors

§ 6.01 Construction of Agreement
§ 6.02 Terminology and Form
§ 6.03 Legal Title or Security Interest
§ 6.04 Payment Terms
§ 6.05 Termination by Transferor
[1] At Will
[2] On Default
§ 6.06 Best Efforts Requirement
§ 6.07 Restrictions on Assignment
§ 6.08 Restrictions on Sublicensing
§ 6.09 Participation in Infringement Litigation
[1] Bringing Actions
[2] Defending Actions
§ 6.10 Termination by Transferee
§ 6.11 Licenses-Back
§ 6.12 Miscellaneous Rights

CHAPTER 7
The “Sale“ Requirement: The Rogue Doctrines

§ 7.01 Introduction
§ 7.02 Controlling Interest in Transfer Negates Sale
§ 7.03 “Pig Theory” Negates Sale
[1] Introduction
[2] Aggregate of Retained Rights
[3] Total Factual Complex
§ 7.04 Operational Control of Transferee’s Business

CHAPTER 8
Trade Secret and Know-How Transfers

§ 8.01 Introduction
§ 8.02 Definitions: Trade Secret and Know-How
[1] Trade Secret
[2] Know-How
§ 8.03 Capital Asset Status: Not Services
§ 8.04 Capital Asset Status: “Property”
§ 8.05 Capital Asset Status: Secrecy
§ 8.06 Capital Asset Status: Novelty
§ 8.07 Know-How: Non-Secret Information Incidental to Transfers of Other Property
§ 8.08 Know-How: Non-Secret, Non-Incidental Information
§ 8.09 The “Sale” Requirement

CHAPTER 8A
Trademark, Service Mark, Trade Name, and Franchise Transfers

§ 8A.01 Introduction
§ 8A.02 Definitions: Trademark, Service Mark, Trade Name, Franchise
§ 8A.03 Section 1253: In General
§ 8A.04 Section 1253: Contingent Payments Received by Transferor
§ 8A.05 Section 1253: Significant Power, Right, or Continuing Interest
§ 8A.06 Deductibility of Contingent and Fixed-Sum Payments Made by the Transferee
[1] General
[2] Contingent Payments and Contingent Serial Payments
[3] Other Payments for Section 1253 Transfers
[4] Pre-1993 Law: Fixed-Sum Payments for Section 1253(a) Licenses
[5] Pre-1993 Law: Contingent Nonserial Payments and Fixed-Sum Sale or Exchange Payments
§ 8A.07 Trademark Rights: Transfers Outside the Scope of Section 1253 and Subject to the Regular Capital Gains Provisions

CHAPTER 8B
Copyrights and Similar Property

§ 8B.01 Introduction
§ 8B.02 Copyright Concepts and Definitions
§ 8B.03 Copyrights, Literary, Musical, Artistic Compositions, and Similar Property
§ 8B.04 Letters, Memoranda and Similar Property
§ 8B.05 “Creator” Status
§ 8B.06 Carryover Basis Property

CHAPTER 9
Safe Harbor Capital Gains Section

§ 9.01 Introduction
§ 9.02 Patentability
§ 9.03 Holder: Inventor
§ 9.04 Holder: Financial Backer
§ 9.05 Holder: Entities, Employers and Related Persons
§ 9.06 Method of Transfer
§ 9.07 The “All Substantial Rights to a Patent” Standard
§ 9.08 Patent Fragmentation Prohibited
[1] Introduction
[2] Field-of-Use
[3] Geographical Area
[4] Claims
[5] Prior Transfers
§ 9.09 Allowable Retained Rights
§ 9.10 Undivided Interests
§ 9.11 Disqualified Transferees
§ 9.12 Employers as Transferees
§ 9.13 Exclusiveness for Holders
§ 9.14 Relation to Other Tax Provisions

CHAPTER 10
Ancillary Matters

§ 10.01 Incidence of Taxation: Introduction
§ 10.02 Incidence of Taxation on Transferee: Transfers of the Royalty Contract
§ 10.03 Incidence of Taxation on Transferee: Transfer of the Income from the Royalty Contract
§ 10.04 Incidence of Taxation on Transferee: Transferor’s Retention of Control over the Obligor
§ 10.05 Character of Income to Transferee
§ 10.06 Exceptions to Capital Gains Treatment: Imputed Interest
§ 10.07 Exceptions to Capital Gains Treatment: Transfer to Certain Related Taxpayers
§ 10.08 Amortization by the Transferee of License Payments

Appendices
Table of Cases
Index