"On October 7, a coalition of 25 experts in intellectual property and competition law who serve or have served as U.S. judges, U.S. government officials, legal scholars and economists submitted a comment to the United Kingdom Intellectual Property Office (UKIPO) as part of that agency's Open Consultation on Standard Essential Patents (SEPs) in order to correct various misconceptions regarding SEPs that have arisen in both scholarly and political debates."
"The letter from IP and competition law experts underscores the lack of empirical evidence substantiating claims of patent holdup and royalty stacking and highlights cautionary tales from the European Commission's recent failures to establish SEP rate determination procedures like those proposed by UKIPO. In the wireless industry, where technological standards support several modes of telecommunication, SEPs support billions in annual private investment into chip development, preserve incentives for participating in standards and enhancing device interoperability, and enable licensing relationships ensuring that those standards are disseminated."
A coalition of 25 IP and competition law experts who have served as U.S. judges, government officials, scholars, and economists engaged with the UKIPO Open Consultation on SEPs to correct misconceptions. The experts emphasize lack of empirical evidence for patent holdup and royalty stacking, and point to European Commission failures in SEP rate determination procedures. The experts note that SEPs underpin substantial private investment in wireless chip development, preserve incentives for standards participation and interoperability, enable licensing dissemination, and that empirical research finds aggregate royalty burdens remain single-digit while quality-adjusted device prices have fallen.
Read at IPWatchdog.com | Patents & Intellectual Property Law
Unable to calculate read time
Collection
[
|
...
]