George A. Frank, Ph.D., of counsel in the firm’s Philadelphia office lectured on the fundamentals of intellectual property for the University of Pennsylvania’s Department of Economics, law and economics course.  In his discussion, he distinguished between a patent, trademark, copyright, trade secret and licensing; terms that tend to cause some confusion with regards to intellectual property.  After lecturing on the how, what and when of licensing IP, George concluded his lecture with, “Definitions—a cautionary note”.  He explained that certain terms have defined meanings, that differ from state-by-state or country-by-country and should not be utilized without consideration of their meaning.