Samsung Electronics Company and Eastman Kodak have agreed to negotiate a patent dispute settlement and technology cross licensing. Samsung has also agreed to make a nonrefundable payment to Kodak this year that will be credited toward its future royalty obligations to Kodak. The amount of that payment was not disclosed.
The companies are now negotiating the terms of a settlement of Kodak’s patent infringement claims against Samsung that were filed in November 2008 with the U.S. International Trade Commission (ITC). The companies will jointly pursue the dismissal of Kodak’s claims once a definitive settlement agreement and a cross license have been...