InterDigital signs Nakayo Telecommunications to worldwide patent license agreement. (Patent News).
2.5G-3G, June, 2003
InterDigital Communications, a provider of wireless technology and product platforms, announced that its subsidiary, InterDigital Technology Corporation (ITC), has signed a non-exclusive, worldwide, royalty-bearing patent license agreement with Nakayo Telecommunications Inc., a manufacturer of telecommunications equipment for the Asian markets.
The agreement covers wireless terminal units and infrastructure compliant with TDMA-based PHS standards. Under this agreement, ITC will receive a royalty on each licensed product sold by Nakayo worldwide. Nakayo will pay ITC an advance royalty payment and a one-time license fee. Once the advance payment is exhausted, Nakayo will be obligated to pay additional royalties to ITC on each licensed product sold through the life...
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