Michael Kasdan discusses monetization of patent assets, focusing on key developments in the case law that affect strategy and valuation in patent licensing and other monetization techniques. Topics include the Federal Circuit’s Ericsson v. D-Link case, which provides guidance on damages for standard essential patents; the recent amendments to the patent policy of the Institute of Electrical and Electronics Engineers (IEEE) to clarify the FRAND obligations of its members when licensing patents covering IEEE Standards; and the Federal Circuit’s latest pronouncement on patent exhaustion in Helferich Patent Licensing, LLC.