word
Legal
FRAND Licensing
FRAND LY-sen-sing
/frænd ˈlaɪsənsɪŋ/Listen
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Syllable breakdown
FRANDLYsensing
Dictionary meaning
Fair, Reasonable, And Non-Discriminatory licensing terms required of holders of standard-essential patents (SEPs), obligating them to license those patents to anyone who needs them on equitable terms to prevent monopolistic abuse of standards.
Examples
- Qualcomm was sued for allegedly failing to offer FRAND licensing terms for its modem patents.
- The standard-setting organization required all member companies to commit to FRAND licensing.
Synonyms: RAND licensing, fair and reasonable licensing
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