is a seasoned professional in the field of intellectual property with a technical background in electronics and telecom industry. He is a primary consultant at Sagacious IP and helps clients in making strategies for portfolio management, patent monetization, patent creation, and litigations.
Collaboration has invariably helped people to maneuver the most significant challenges and hurdles. Like all other human accomplishments, technology players have collaborated and enforced methodologies to avert any obstacles faced while creating innovation-driven sustainable businesses, to enable technology-driven societies. While innovation can be both an individual and collective endeavor, shaping the final consumer product/service demands collaborative innovation and coordinated policies and frameworks.
Standard Essential Patents (SEPs), as the name suggests, are an essential set of patents used for the implementation of a standardized technology. This set of patents renders it impossible to implement or operate standard-compliant equipment without infringement. Does that mean every patent declared by any company is essential? In a word, no. This article intends to address this aspect in detail and pave way for licensees to save costs and pay for what they use in their implementations.