BACKGROUND DISCUSSION

The Antitrust Guidelines for Intellectual Property (hereinafter “IP”) Licensing (hereinafter “the Guidelines”), issued jointly by the Justice Department and the FTC (hereinafter collectively referred to as “the Agencies”) on April 6, 1995, will undoubtedly have a significant impact on the drafting, negotiation, and subsequent scrutiny, by the government and private citizens, of domestic licensing arrangements, as well as multinational licenses having an impact…