Law360, New York ( August 17, 2015, 10:34 AM EDT) -- Standard-essential patents, which are necessary for ensuring that affected products work compatibly with one another, pose significant challenges for technology companies. First and foremost, these companies wrestle with whether competitors that participate in forming industry standards will, in fact, license patents covering the standard on fair, reasonable and nondiscriminatory terms and how to calculate FRAND royalty rates.[1] Technology and manufacturing companies in virtually every industry — e.g., cellular telephone, mobile handsets, Wi-Fi, chip sets, data networking, etc. — factor the risk and value of SEPs into their strategic road maps and business plans for industry compliant products in the United States as well as abroad.[2]...