Reasonable And Non-discriminatory Licensing
Reasonable and non-discriminatory terms (RAND), also known as fair, reasonable, and non-discriminatory terms (FRAND), are a licensing obligation that is often required by standard-setting organizations for members that participate in the standard-setting process. Standard-setting organizations are the industry groups that set common standards for a particular industry in order to ensure compatibility and interoperability of devices manufactured by different companies.
Read more about Reasonable And Non-discriminatory Licensing: Overview, Definitions, Excluding Costless Distribution Schemes, Related Licenses
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