Using Venus H.264 Codec in a Commercial Product


I am wondering if a commercial product that uses the Venus H.264 video encoder on the Snapdragon 410c requires an individual license fee from the MPEG LA? I am under the impression that the license is factored into the cost of the chip, and thus a license to use the codec is already included.

I ask because a member of our team voiced concerns about potential licensing issues arising from using the codec.