LG and IPCom Reach Settlement Agreement After Longstanding Dispute
LG and IPCom have signed a settlement agreement, bringing an end to their disputes that have lasted quite long. Under the terms of the agreement, LG and IPCom agreed to resolve all legal cases relating to patent infringement and nullity in Germany.
In a statement, Managing Director of IPCom, Pio Suh, expressed satisfaction with the resolution, saying, "We are pleased to confirm that LG and IPCom have finally reached a resolution that also includes all of IPCom´s assets. This settlement is a demonstration of the commitment of both LG and IPCom to respecting and protecting intellectual property in order to foster innovation, and driving further investments in research and development.”
IPCom GmbH & Co. KG is an intellectual property (IP) rights licensing and technology R&D company, which supports companies with asserting patent rights and concluding patent license agreements on FRAND (fair, reasonable, and non-discriminatory) terms. IPCom holds over 200 patent families in the field of mobile communications, with more than 1,000 patents registered in Europe, the US and Asia, most of which have been granted. Committed to the principles of FRAND, fair play and competitive advantage, IPCom also offers consulting services to companies in the telecoms space, with the aim of levelling the playing field and ensuring those behind the development of standard essential patents (SEPs) are fairly rewarded for their technologies and work.
IPCom is headquartered in Pullach, Munich, Germany, and operates on a global basis.