Ericsson, Samsung settle lawsuits

Ericsson (ERIC) has ended a major patent dispute with Samsung in an agreement that the company hopes will set a precedent for the wireless industry. “We feel that this is a very important agreement to be viewed as a precedent for other companies, to see that FRAND licensing actually works,” said Kasim Alfalahi, chief intellectual property officer at Ericsson. FRAND means “fair, reasonable and non-discriminatory” terms. Patent holders are required to license “standards essential” patents in accordance with FRAND. “Standards essential patents” are those that cover technologies needed to make devices operate on cellular networks. Click below to continue story

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