Earlier this year, the Institute for Electrical and Electronics Engineers (IEEE) revised its policy on the use of Standard Essential Patents (SEPs) further restricting the patent rights of patent holders.The IEEE policy changes restrict the negotiating ability of patent holders in establishing a reasonable and nondiscriminatory (RAND) rate and remove an important lever by severely restricting the ability of patent holders to obtain an injunction against a knowing infringer.The IEEE’s new policy bases a RAND rate on …