HTC to Make Quarterly Payments to Apple Based on Volume
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HTC Corp. will make royalty payments to Apple Inc. on a quarterly basis and pledges not to make “cloned” copies of Apple products as part of the settlement of their global patents battle, according to an agreement filed in a U.S. court.
Fees paid by HTC will be based on sales volumes and made 45 days after the end of each quarter, according to a redacted version of the patent license and settlement agreement signed by both sides and filed yesterday. HTC gets access to some of Apple’s patented inventions while agreeing not to copy designs.