Motorola Mobility LLC (Motorola), a subsidiary of Lenovo Group, and Sharp have reached a worldwide settlement on cross patent licenses relating to every group’s wi-fi communication applied sciences.
Lenovo is happy to enter into an settlement the place each events got here to agree on the truthful worth of one another’s portfolio, with each events demonstrating their willingness to license on a good, affordable, and non-discriminatory (FRAND) foundation.
Motorola is a number one world mobile phone vendor with a protracted historical past of innovation – with iconic flagship gadgets such because the foldable razr, first launched in 2004 and relaunched in 2019. Lenovo continues to innovate and contribute to the event of mobile applied sciences throughout its portfolio, with over 1,900 patent households classed as important to 3G, 4G and 5G requirements licensed to a number of firms worldwide.
Commenting on the settlement with Sharp, John Mulgrew, Vice President and world head of Mental Property, commented: “Our cross-licensing settlement with Sharp is a textbook instance of two firms coming along with mutual respect for one another’s funding and innovation, and who’re ready to barter on a FRAND foundation. FRAND is one thing that Lenovo is dedicated to by means of all licensing negotiations and agreements – whether or not we’re the licensee or licensor. As a worldwide know-how chief and patent proprietor we’re dedicated to making sure that prospects proceed to have entry to inexpensive innovation by means of each our personal innovation and that ensuing from trade cross-licensing agreements.”
