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InterDigital, Samsung end patent licensing discord

Posted: 28 Nov 2008 ?? ?Print Version ?Bookmark and Share

Keywords:InterDigital dispute? licensing patent?

InterDigital Communications LLC and InterDigital's patent licensing subsidiaries have entered into a binding term sheet with Samsung Electronics Co. Ltd and its affiliates, including Samsung Electronics America Inc., that resolves the outstanding arbitration issues involving Samsung's sale of 2G products, as well as the 3G patent licensing disputes for Samsung's sales of products through 2012.

Under the terms, InterDigital agreed to grant Samsung a royalty-bearing license covering Samsung's sale of all 3G products (including products built under both the W-CDMA and cdma2000 standards and their related extensions) through 2012. The agreement also ended the payment disputes regarding Samsung's royalty obligations for sales of 2G products.

Samsung has approximately 45 days to elect between two defined payment options, and the term sheet contemplates the parties will enter into agreements incorporating the terms of the term sheet. Subject to Samsung's selection of a payment option and payment of the first installment of payments due in early 2009, the parties will move to end all litigations and arbitration proceedings ongoing between them.

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