Online retailer Amazon.com and IBM settled all their patent infringement lawsuits and signed a long-term patent cross-license agreement, the companies said Tuesday. Under the deal, Amazon.com will pay IBM an undisclosed amount of money, and each company will share some of its technology. Last year, IBM accused Amazon.com of infringing upon five of its patents. Amazon.com countersued, denying the allegations and charging IBM with violating five of Amazon's patents.
May 09, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Online retailer Amazon.com and IBM settled all their patent infringement lawsuits and signed a long-term patent cross-license agreement, the companies said Tuesday.
Under the deal, Amazon.com will pay International Business Machines Corp. an undisclosed amount of money, and each company will share some of its technology.
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