UK Court Orders Samsung to Pay ZTE $392 Million in Patent Dispute
A UK court has ruled that Samsung must pay China's ZTE a $392 million lump sum for a license to use ZTE's mobile phone patents. The decision comes after the two companies failed to agree on the renewal of a previous licensing deal, and the ruling sets a global FRAND (fair, reasonable, and non-discriminatory) standard. The amount is higher than Samsung's $200 million offer but lower than ZTE's $731 million demand.
Topics: FRAND terms legal ruling patent licensing Samsung ZTE