Eastman Kodak Company (NYSE:EK) and Samsung Electronics have settled a patent dispute and has entered a cross-license agreement as a result. Samsung will be paying Kodak undisclosed sums for payments as part of future royalty obligations too.
The agreement was made as a result of a United States International Trade Commission judge ruling that Samsung was violating two of Kodak’s camera patents. If an agreement was not reached between both companies, the Commission would have a deeper investigation.
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