Political Quotes

Mike Lee: “Companies and individuals that use patents increasingly complain of what is called the 'hold-up,' the scenario in which…”

On the recordJuly 29, 2013
Companies and individuals that use patents increasingly complain of what is called the 'hold-up,' the scenario in which a holder of a standard-essential patent refuses to grant a license to use its patent or threatens to refuse to grant a license unless the user agrees to pay an excessive royalty.
Said by
Mike Lee
Republican · Utah

Editor's note · Context

Senator Lee discusses the issue of patent holders leveraging excessive royalties in standard-essential patents.

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