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  1. ‘Review of FRAND terms will be detrimental’

‘Review of FRAND terms will be detrimental’

Even as global and domestic companies are fighting out in courts on the issue of licensing of intellectual property and royalty payments, the Associated Chambers of Commerce and Industry (Assocham) has sought Prime Minister Narendra Modi's intervention to stop any move by the government to review FRAND terms saying it could be detrimental to the country.

By: | New Delhi | Published: March 5, 2016 2:14 AM

Even as global and domestic companies are fighting out in courts on the issue of licensing of intellectual property and royalty payments, the Associated Chambers of Commerce and Industry (Assocham) has sought Prime Minister Narendra Modi’s intervention to stop any move by the government to review FRAND terms saying it could be detrimental to the country.

The letter to the Prime Minister dated February 24 and reviewed by FE comes after the government’s statement that it plans to examine standard essential patents on ‘Fair, Reasonable and Non-Discriminatory’ (FRAND) terms as part of the proposed National Intellectual Property Rights Policy.

The move “will lead to unnecessary ripples in the existing market framework which is working efficiently well that relies on the very competent national judicial system to intervene in case of any potential dispute,” DS Rawat, secretary-general at Assocham wrote in the letter. “Any intervention of government department is uncalled for.”

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