FRAND Regime 'Not Working Very Well,' DOJ Official Says
Law360, Washington (April 14, 2015, 6:32 PM EDT) -- A U.S. Department of Justice official on Tuesday stressed the need to clarify the fair, reasonable and non-discriminatory rules for licensing standard-essential patents, saying a recent spike in litigation over FRAND patent royalties showed the current system is "not working very well."
The widening gulf between SEP-owners and licensees over the value of patents and their accompanying royalties "is causing all sorts of market distortions," Renata Hesse, a senior official in the department's Antitrust Division, said during a panel discussion hosted by the Global Competition Review.
"People need to be at least speaking the same language when they're sitting at the bargaining table...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!