The six months long dispute between Samsung-Microsoft has finally come to an end. The companies were fighting for the Android patent licensing since August last year. The software giant Microsoft filed the Android patent suit on the Korean Smartphone company Samsung on August 1, 2014 for refusing the royalty payments and breaching the collaboration agreement.
The suit filed by Microsoft says that the Korean Smartphone maker still have to pay the interest of $6.9 over the patent royalty amount of $1 billion. On the other hand, responding to the lawsuit, Samsung says that Microsoft has violated the ‘2011 multi-year IP agreement’ by acquiring Nokia.
Under the 2011 collaboration contract, Samsung has been paying per-Android handset royalties to Microsoft. After the Nokia acquisition, Microsoft became a direct competitor to Samsung and as per the filed lawsuit Samsung denied sharing some important information which was previously decided under the 2011 deed.
Microsoft yesterday released an official statement saying that the contract dispute is settled.
Microsoft’s Official statement:
“Samsung and Microsoft are pleased to announce that they have ended their contract dispute in U.S. court as well as the ICC arbitration. Terms of the agreement are confidential.” – Samsung’s Jaewan Chi, Executive Vice President and Global Legal Affairs & Compliance Team and Microsoft’s David Howard, Corporate Vice President and Deputy General Counsel.
The terms of the settlement have however been kept confidential and haven’t been disclosed by either of the companies.