06/06/2024 | Press release | Distributed by Public on 06/06/2024 12:39
A new memorandum of understanding (MOU) signed on June 3, 2024 by Under Secretary of Commerce for Intellectual Property and USPTO Director Kathi Vidal and the Chief Executive Officer of the United Kingdom Intellectual Property Office (UKIPO) Adam Williams provides a framework for collaboration between the two offices on policies relating to standard essential patents (SEPs).
SEPs are patents that have been declared essential to a given technical standard. As part of the standards-setting process, patent owners may agree to license SEPs on fair, reasonable, and nondiscriminatory (FRAND) terms.
"Standards touch all aspects of modern life, including video compression, wireless communication technologies, computer connection standards, automotive technology, and more," said Under Secretary Vidal, "This important collaboration with UKIPO will help us work together toward a fair and balanced international standard essential patent ecosystem that benefits all businesses in our two countries, including small and medium-sized enterprises and new market entrants."
Under the terms of the agreement, the USPTO and the UKIPO will:
The agreement will remain in effect for five years from the date of signing.
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