This episode focuses on the challenges and future of standard essential patent (SEP) licensing. Alex Orsi from HP highlighted the challenges of the FRAND (Fair, Reasonable, and Non-Discriminatory) licensing model, which increases costs and delays innovation. He emphasized that HP, as a product innovator, should not be targeted as an implementer. Tim Pohlmann from LexisNexis discussed the role of patent pools, noting their potential benefits and the challenges of setting fair rates. The conversation also covered the impact of SEP litigation on innovation and the need for global policy changes to address these issues.