Apple and Samsung Negotiating Agreement to Settle Patent Disputes Out of Court
Apple and Samsung may be close to reaching an agreement that would settle all patent infringement lawsuits out of court, claims Kim Yoo-chul of The Korea Times (Via Fortune). This account follows a previous report from late last week that Apple and Google/Motorola have reached an agreement to drop all ongoing litigation between the two companies.
Samsung and Apple are reportedly in the early stages of negotiation with some key details on royalty payments still under negotiation.
"Samsung has recently resumed working-level discussions with Apple and the key issue is how to dismiss all lawsuits," one source said, declining to be named.
"Some more time will be needed to fix terms of details such as royalty payments in return for using patents owned by each before reaching a full agreement."
Apple and Samsung recently faced off in a California court as part of the second US patent infringement lawsuit between the two companies. In the case that concluded earlier this month, the jury found that Samsung willfully infringed on three of the five Apple patents involved in the lawsuit and ordered the Korean company to pay Apple a sum of $119.6 million. Apple also was found guilty of infringing on one of Samsung's patents with damages totaling $158,400.