Swedish telecommunications company Ericsson announced on July 9, 2007 that it has renewed its worldwide patent cross license agreement with South Korea’s Samsung.
Under the terms of the worldwide royalty bearing agreement, Ericsson has granted Samsung a non-exclusive license under Ericsson’s patent portfolio for the 2G and 3G mobile telephony standards, to develop, manufacture and sell 2G and 3G subscriber and infrastructure equipment. In return, Samsung provides a royalty payment and a reciprocal license under Samsung’s valuable patent portfolio to Ericsson.
The parties have further agreed to dismiss all pending patent infringement lawsuits between the parties.
Under the terms of the worldwide royalty bearing agreement, Ericsson has granted Samsung a non-exclusive license under Ericsson’s patent portfolio for the 2G and 3G mobile telephony standards, to develop, manufacture and sell 2G and 3G subscriber and infrastructure equipment. In return, Samsung provides a royalty payment and a reciprocal license under Samsung’s valuable patent portfolio to Ericsson.
The parties have further agreed to dismiss all pending patent infringement lawsuits between the parties.
