Philips and Nintendo resolve patent disputesStaff writer ▼ | December 3, 2014
Royal Philips announces resolution of patent disputes and the signing of a patent license agreement with Nintendo Co.
Research and development Philips and Nintendo will cross-license
"We are very pleased to have reached this agreement with Nintendo. It demonstrates that both companies recognize the importance of intellectual property rights," said Brian Hinman, chief intellectual property officer of Philips.
"It also shows the value of our extensive IP portfolio and our commitment to protect our significant investments in research and development."
Financial details and other terms of the license agreement will not be disclosed. ■