Washington - The United States Patent and Trademark Office (USPTO) and the World Intellectual Property Organization (WIPO) today agreed to undertake joint efforts to facilitate the resolution of disputes related to standard essential patents.
Standard essential patents, or SEPs are patents that have been declared essential to a given technical standard. As a part of the standards-setting process, patent owners may agree to licence SEPs on fair, reasonable, and nondiscriminatory (FRAND) terms. Standards touch all aspect of modern life and include video compression, wireless communication technologies, computer connection standards, automotive technology, and more. Read more