1. INTRODUCTION
Many of the world's most important industries, including telecommunications and computing, rely on industry standards. Standards are typically developed by standard-setting organizations (SSOs), comprising industry participants. For example, the members of the 3rd Generation Partnership Project (3GPP), which is a collaboration of SSOs interested in mobile telephony, include mobile phone chip makers, network infrastructure vendors and carriers. Once implemented, standards facilitate interoperability of devices by serving as a source of common technical specifications around which rival companies design and build products with differentiating designs and features. For example, manufacturers of 4G-enabled mobile phones compete on the basis of characteristics such as size, battery life, screen resolution, or design, among other features. By promoting investment and innovation in new products, reducing costs and stimulating demand, standards can bring tremendous benefits to industry and consumers alike.
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Originally published by Wolters Kluwer Law & Business
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