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Related Patent News Intergraph Reaches Patent Agreement With Sony
HUNTSVILLE, AL - Intergraph Corporation (NASDAQ: INGR), a leading global provider of spatial information management (SIM) software, announced a patent license agreement between Intergraph's intellectual property subsidiary and Sony Corporation of Japan. Under the terms of the agreement, Sony will make a one-time, up-front royalty payment of $15 million. Intergraph expects to record after-tax intellectual property income from this agreement of approximately $8.6 million, net of all fees, expenses and estimated taxes, in the first quarter of 2006. As a result of the patent license agreement, Sony will obtain a fully paid-up worldwide license to Intergraph’s patent portfolio, and Intergraph will obtain an option to license certain Sony patents on royalty-bearing terms. Commenting on the settlement, Intergraph CEO & President Halsey Wise said, “We are pleased to have reached a licensing agreement with Sony. This license with Sony demonstrates our continued commitment to enforce and realize valu Call Our Toll Free: (888) 275-2757 or Contact Us Online For a No-Obligation Consultation Bookmark:
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Definition: WIPO is responsible for the promotion of the protection of intellectual property throughout the world and for the administration of various multilateral treaties dealing with the legal and administrative aspects of intellectual property. Precautionary Designation Definition: Designation of a Contracting State in an international application filed under the Patent Cooperation Treaty which must be confirmed prior to 15 months from the priority date. |
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