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United States

InterDigital And LG Electronics Sign Multi-Year Patent License Agreement


Monday, 4 Dec 2017 08:30am EST 

Dec 4 (Reuters) - Lg Electronics Inc <066570.KS>::INTERDIGITAL AND LG ELECTRONICS, INC. SIGN MULTI-YEAR PATENT LICENSE AGREEMENT.INTERDIGITAL INC - ‍ PATENT LICENSING SUBSIDIARIES HAVE SIGNED A MULTI-YEAR, WORLDWIDE, NON-EXCLUSIVE PATENT LICENSE WITH LG ELECTRONICS​.INTERDIGITAL INC - ‍AGREEMENT COVERS 3G, 4G AND 5G TERMINAL UNIT PRODUCTS OF LG AND ITS AFFILIATES AND SETS FORTH A ROYALTY OF CASH PAYMENTS TO CO​.INTERDIGITAL INC - ‍ AGREEMENT ALSO COVERS A PROCESS FOR TRANSFER OF PATENTS FROM LG TO INTERDIGITAL​.INTERDIGITAL INC - ‍ PARTIES HAVE ALSO AGREED TO TERMS FOR DISMISSAL BY INTERDIGITAL OF OUTSTANDING LITIGATION AMONG PARTIES AND THEIR AFFILIATES​. 

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