Practical Law Glossary Item 5-557-1860 (Approx. 3 pages)
Glossary
Standard-Essential Patent (SEP)
A patent claiming technology that is essential to an industry standard's use. A standard-setting organization may require standard participants to:
Disclose any SEPs during the standard's development.
License any SEPs on fair, reasonable, and non-discriminatory (FRAND) or reasonable and non-discriminatory (RAND) terms, also known as a F/RAND licensing commitment.