Ericsson, Samsung renew telecom cross-license deal

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Ericsson today announced Monday it has renewed its worldwide patent cross license agreement with Samsung.
Under the terms of the worldwide royalty bearing agreement, Ericsson has granted Samsung a non-exclusive license under Ericsson’s patent portfolio for the 2G and 3G mobile telephony standards, to develop, manufacture and sell 2G and 3G subscriber and infrastructure equipment.
In return, Samsung provides a royalty payment and a reciprocal license under Samsung’s valuable patent portfolio to Ericsson.
The parties have further agreed to dismiss all pending patent infringement lawsuits between them.

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