InterDigital in patent deal with LG Electronics
Wireless technology provider InterDigital and technology company LG Electronics have signed a multi-year and worldwide patent licence agreement.
Covering LG’s 3G, 4G and 5G terminal unit products, the agreement will see InterDigital receive royalty cash payments.
LG will transfer patents to InterDigital, and litigation between the parties has also been settled.
In addition, LG and InterDigital will “explore cooperation” for projects related to the research and development of video and sensor technology for connected and autonomous vehicles.
William Merritt, president and CEO of InterDigital, said that the company was happy to have settled its licensing dispute with LG on “mutually agreeable terms” and that it looked forward to a successful relationship with the company.
“This agreement with LG shows how our longstanding patent licensing framework and process can lead to effective, productive discussions and eventual resolution on a worldwide basis,” he noted.
At the end of October, InterDigital emerged unscathed from an investigation by the Taiwan Fair Trade Commission (FTC) into patent licensing.
In a company announcement, InterDigital stated that the FTC had concluded that the wireless technology provider had not violated Taiwan’s Fair Trade Act.
The investigation, which began in 2013, probed InterDigital over patent licensing on fair, reasonable and non-discriminatory grounds.
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