EU Details Standard-Essential Patents Policy In IP Package

Law360, New York (November 29, 2017, 9:23 PM EST) -- The European Commission unveiled a licensing policy for standard-essential patents on Wednesday as part of new guidelines it laid out for intellectual property rights, in an effort to help create a "fair and balanced system" that benefits both product manufacturers and patent holders.

Under the new policy, product manufacturers will have access to technologies under licensing rules that are transparent and predictable, the commission said, while patent owners will be incentivized to put forth their best technologies to be included in standards by being rewarded for investing in research and development and standardization activities.

"More transparency and predictability should give the...

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