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The Essential Patent market is a subset of the patent market that focuses on patents that are essential to the development of a particular technology. These patents are often referred to as “standard essential patents” (SEPs) and are typically held by companies that have developed a technology that is widely used in the industry. These patents are often licensed to other companies in order to ensure that the technology is used in a fair and equitable manner.
Essential Patent market participants include patent holders, patent licensees, patent brokers, patent attorneys, and patent valuation firms. Patent holders are typically companies that have developed a technology and own the patent rights to it. Patent licensees are companies that have obtained a license to use the technology from the patent holder. Patent brokers are companies that specialize in negotiating and facilitating patent licenses. Patent attorneys are legal professionals who specialize in patent law and provide legal advice to patent holders and licensees. Patent valuation firms provide services to help patent holders and licensees determine the value of their patents.
Some companies in the Essential Patent market include Qualcomm, Ericsson, Nokia, InterDigital, and Apple. Show Less Read more
