Ericsson and Samsung sign multi-year patent license agreement
The multi-year global patent license agreement will end all ongoing patent related legal disputes between Ericsson and Samsung.
Image source: Ericsson
Ericsson and Samsung announced that they have signed a multi-year agreement on global patent licenses.
In a press release, Ericsson stated that the cross-license agreement covers all cellular technologies, sales of network infrastructure and handsets from 1 January, 2021. Both companies also agreed to cooperate on projects to advance the mobile industry in open standardisation and create solutions for consumers and enterprises.
The cross-license agreement will end all ongoing patent related legal disputes between Ericsson and Samsung. Both companies had disputes over interpretations of Fair, Reasonable and Non-Discriminatory (FRAND) obligations for more than 10 years.
Samsung agreed in 2014 to make a one-time payment of $650 million to Ericsson to end the dispute. However, Ericsson filed a lawsuit in December 2020 as it claimed Samsung did not meet its FRAND obligations and it could lead to major revenue loss from delayed IP royalty fees.
Source: Ericsson
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