RAND Licensing

RAND licensing, which stands for "Reasonable and Non-Discriminatory" licensing, is a legal framework used for patents, especially in technology standards. It ensures that patent holders offer access to their inventions on fair, affordable, and non-exclusive terms, enabling multiple companies to use the technology without owning the patent. This promotes collaboration, innovation, and widespread adoption of standards while respecting the rights of patent owners. RAND licensing balances the interests of patent holders with the broader public benefit by preventing abuse of patent rights through excessive or discriminatory licensing practices.