The Everyday Dictionary of Law
The Everyday Dictionary of Law provides legal vocabulary currently in use in common law jurisdictions such as most notably, in the United States. The dictionary is compiled specifically for commercial and intellectual property law practitioners, which provides simple definitions and meanings in American English, for legal terms (including Latin terms) used in formal correspondence, court proceedings, and motion practice as well as common language words that are frequently used in the same. It is a simple reference guide for attorneys, paralegals as well as casual readers who need to check the meaning of a particular legal term in due course of their work.
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Patent holdup occurs when a patent holder makes an intentionally false promise to license essential proprietary technology on FRAND terms, a standard setting organization relies on that promise in incorporating the patented technology into a standard, and the patent holder subsequently breaches that promise and demands higher license fees than promised.
Patent “hold-up” occurs when a patent owner sues a company when it is most vulnerable after it has implemented a technology and is able to wrest a settlement because it is too late for the company to change course.