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What are the obligations of the Licensors with regard to their essential MPEG-4 Visual patents?

April 26, 2017Essential licensors MPEG-4 obligations patents regard Visual

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What are the obligations of the Licensors with regard to their essential MPEG-4 Visual patents?

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Each Licensor is under an obligation to grant to MPEG LA a worldwide, nonexclusive license under all MPEG-4 Visual Essential Patents that it may own worldwide, with a right of MPEG LA to grant sublicenses under the MPEG-4 Visual Patent Portfolio License.