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HTC and Apple Settle Patent issues with 10 year licensing deal

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HTC and Apple Settle Patent issues with 10 year licensing deal

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So at least one patent dispute is coming to an end, HTC and Apple have entered a 10 year patent licensing deal to end all issues with their disputes.

[quote]HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC. [/quote]

[quote]We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.[/quote]

The license extends to current and future patents held by both parties. The terms of the settlement are confidential.

 

 

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Posted Nov 11, 2012
HTC AND APPLE SETTLE PATENT DISPUTE. All Patent Litigation Between The Companies Dismissed

 

1.Date of occurrence of the event:2012/11/11

 

2.Company name:HTC Corporation

 

3.Relationship to the Company (please enter “head office” or
“affiliate company”):Head Office

 

4.Reciprocal shareholding ratios:N/A

 

5.Cause of occurrence:HTC and Apple have reached a global settlement
that includes the dismissal of all current lawsuits and a ten-year
license agreement. The license extends to current and future patents
held by both parties. The terms of the settlement are confidential.

 

6.Countermeasures:None

 

7.Any other matters that need to be specified:There is no material
adverse impact on the financials of the Company.

 

HTC AND APPLE SETTLE PATENT DISPUTE

 

All Patent Litigation Between The Companies Dismissed

 

TAIPEI and CUPERTINO, California – November 11, 2012 – HTC and Apple have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement. The license extends to current and future patents held by both parties. The terms of the settlement are confidential.

 

“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.

 

“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.”

 

-end-

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About The Author
Bharat Nagpal
Founder and Chief Editor of iGyaan. Bharat likes to keep on top of technology ! Follow Him on Google Plus : Google+
  • raghavsrivastava038

    wow Im a bit shocked but glad apple is playing nice. They get slight respect from me….for the time being. http://www.bankinfoonline.com/