HP & ENCAD SIGN SETTLEMENT & PATENT LICENSING AGREEMENT.Hewlett-Packard Co. (NYSE: HWP HWP - Half-Wave Plate HWP - Hard Working Professional HWP - Hawaiian Water Patrol HWP - Heater Water Pump HWP - Heavy Weapons Platform (X-Com game) HWP - Height (and) Weight Proportionate HWP - Height Weight Proportional HWP - Hewlett-Packard Corporation (stock symbol) HWP - Highway Patrol HWP - Hours Waiting Parts HWP - House Warming Party HWP - Hydrolyzed Whey Peptides) and ENCAD Inc. (Nasdaq: ENCD) announced that they have settled all pending litigation between the two companies, which was related to large format inkjet printing. Under the mutually agreed upon settlement, all outstanding litigation related to patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. The infringing party will be liable to the owner of the patent for all profits made from the use of the invention, as well as any harm which can be shown by the inventor, whether the infringement was intentional or not. and below cost pricing litigation was terminated. The Agreement resolve patent infringement issues for current products and also gives both companies the option to take a license under a limited number of the other company's patents for future products, if required. Under the terms of the settlement, neither party will disclose additional details. HP and ENCAD agreed to an amicable settlement, which allows both companies to move beyond costly and time-consuming litigation and to focus on designing superior products for their customers. With today's settlement, the companies can focus fully on meeting the needs of their customers and competing with each other in the marketplace, rather than in the courts. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion