Publication | IAM Yearbook 2021

FRAND Royalty Rates in SEP Licensing: Comparable License Agreements

David Kennedy and Larry Tedesco

November 20, 2020

David Kennedy and Larry Tedesco introduce the basic tenets of fair, reasonable, and nondiscriminatory (FRAND) licensing and discuss how comparable license agreements entered into by SEP owners can be analyzed and unpacked to determine dollar-per-unit or effective percentage FRAND royalty rates.

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This article first appeared in IAM Yearbook: Innovation & Invention 2021, a supplement to IAM, published by Law Business Research – IP Division. To view the guide in full, please go to

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David A. Kennedy

Managing Director

Dallas, Denver, Salt Lake City

Larry Tedesco

Managing Director

New York, Washington, DC, Atlanta, Midtown