Standard Essential Patents (SEPs) And Frand Licensing

The protection of intellectual property is vital to economic growth and global competitiveness. It has major consequences on a country's ability to promote security and stability. Some countries such as China, Russia, Brazil and India are realizing that they cannot sustain an advanced and growing economy without protecting IPR.

Introduction

A Standard Essential Patent (SEP) is a patent that claims an invention that must be used to comply with a standard. Standards frequently make reference to technologies that are protected by patents.

The protection of intellectual property is vital to economic growth and global competitiveness. It has major consequences on a country's ability to promote security and stability. Some countries such as China, Russia, Brazil and India are realizing that they cannot sustain an advanced and growing economy without protecting IPR.