The VVC Patent Portfolio License provides coverage for the VVC Standard to the extent posted here.
Each Licensor is under an obligation to grant to Via LA a worldwide, nonexclusive license under all VVC Essential Patents that it and its Affiliates presently or in the future have the right to license or sublicense, enabling Via LA to grant worldwide, nonexclusive sublicenses under terms of the VVC Patent Portfolio License.
The royalties payable under the License do not increase or decrease because of an increase or decrease in the number of VVC Essential Patents or because of an increase or decrease in the prices of a Licensee's VVC Royalty Products. Rather, they are the value of a license granted under the Patent Portfolio taking into consideration the commercial intention of the Licensors to facilitate adoption of the VVC Standard and make available a pool license in which royalties are the same whether one or more patents is used. New Licensors and new patents are added at no additional cost during the current Term of the License.
While Licensors are under an obligation to grant to Via LA a worldwide, nonexclusive license under all VVC Essential Patents that it and its Affiliates presently or in the future have the right to license or sublicense, enabling Via LA to grant worldwide, nonexclusive sublicenses under terms of the VVC Patent Portfolio License, no assurance is or can be made that the License includes every essential patent. The purpose of the License is to offer a convenient licensing alternative to everyone on the same terms and to include as much essential intellectual property as possible for their convenience; however, participation in the License is voluntary on the part of essential patent holders.
Any party that believes it has patents which are essential to the VVC Standard, and wishes to participate in the VVC Patent Portfolio License upon successful evaluation, is invited to submit them for evaluation and inclusion. Please contact Via LA at email@example.com to request a copy of the terms and procedures governing the patent submission process.
It is up to each user to determine its own licensing needs and how it wishes to meet them. The VVC Patent Portfolio License is provided for a user's convenience in acquiring patent rights necessary for the VVC Standard from multiple essential patent holders in a single transaction as an alternative to negotiating separate license agreements with individual Licensors. Users are free to negotiate directly with one or more Licensors for a separate license under one or more Essential Patents under independently negotiated terms, however. In addition, as discussed above, users who take Via LA's license may have to negotiate licenses for essential patents that are not included. A license also may be necessary for other important patents (that are not essential to the VVC standard).
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Royalties apply as defined in the License. Click here for information.