FRAND License definition
FRAND License means a non-exclusive license to Necessary Patent Claims on fair, reasonable and nondiscriminatory terms and conditions, without a right to sublicense, to make, have made, use, import sell, offer to sell, put into the stream of commerce in any way, promote or otherwise distribute and dispose of the Compliant Implementation. Such FRAND License to Necessary Patent Claims shall be transferable by the licensee only with the written consent of the licensor (e.g., in cases of merger, acquisition, divestment or other organizational-cooperation schemes).
Examples of FRAND License in a sentence
The same applies for the Associated Member’s pre-existing Intellectual Property Rights where the Associated Member provides a Submission, Essential Claim or a FRAND License under the IP Policy and the Bylaws.