InterDigital entered into an agreement with Samsung Electronics and its affiliates that resolves outstanding arbitration issues involving Samsung’s sale of 2G handset-related products, as well as the 3G patent licensing disputes for Samsung’s sales of products through 2012.
Under the terms of deal, InterDigital agreed to grant Samsung a royalty-bearing license covering Samsung’s sale of all 3G products through 2012, according to an InterDigital press release. The agreement also ended the payment disputes regarding Samsung’s royalty obligations for sales of 2G products.
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 litigation and arbitration proceedings between them.
“I am extremely pleased that we have reached a favorable agreement with Samsung to end this longstanding dispute,” InterDigital President and CEO William Merritt said in a statement. “The agreement is consistent with our long-term strategic plan and reflects well on the strength of our patent portfolio and our ability to design flexible deal structures.”
Filed Under: Infrastructure