Connectivity standards will change the world as we know it. Standards such as 5G or Wi-Fi 6 will connect devices, machines, cars, and even entire factories on the Internet of Things (IoT). Companies that own standard essential patents (SEPs) will not only shape the future of connectivity but have the means to monetize and enforce SEPs since any implementer of patented standards such as 5G, Wi-Fi 6 or video codec must pay royalties or otherwise compensate the use of patented technology standards.
SEPs not only lucrative for generating significant royalty income; SEPs even more important bargaining chips to negotiate licensing deals across industries to enter new markets, to control supply chains, to litigate, and to acquire and sell assets. To have a seat at the FRAND negotiation table and ensure a sustainable and successful IP strategy in markets where patents and standards matter, decision makers must have all information at hand to fully understand the complex landscape of standardized technology.
Filing and maintaining patents with claims that read on the implementation of a standard does not happen by accident. It requires long-term investment in standards development, supported by active and strategic patent prosecution. In the final part of this “Connecting the Dots” webinar series, we answered the following questions:
- How to approach filing valid and essential patents?
- How to draft valid claims?
- How to determine essential claims?
- How to right-size a SEP portfolio?
- How to leverage access to patents and standards data cross-departmental?
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