Adeia Resolves Disney Patent Claims With Long-Term License

By Editorial Team

Adeia Technologies Inc. announced on Monday that it has finalized a long-term intellectual property license agreement with Disney, effectively settling patent claims that Adeia had previously filed against the entertainment giant.

The agreement marks a significant milestone for both companies, providing a resolution to the legal dispute and paving the way for a collaborative and mutually beneficial relationship moving forward.

Under the terms of the agreement, Adeia Technologies Inc. will grant Disney a long-term license to its intellectual property, allowing Disney to utilize the patented technologies in question without the risk of further litigation or disputes.

By reaching this agreement, both Adeia and Disney have demonstrated a commitment to protecting intellectual property rights while also fostering innovation and collaboration within the industry.

The specific details of the intellectual property license agreement, including the duration of the license and any financial considerations involved, have not been disclosed publicly.

Both companies expressed satisfaction with the resolution of the patent claims and indicated their readiness to move forward with a focus on innovation and growth in their respective areas of expertise.

For more information on this development and other legal news, please visit Law360 for the latest updates.