Filed under: Feature
According to this report, TOYOTA has settled a patent dispute with PAICE LLC for an undisclosed sum.
In my opinion, the settlement may possibly be in the 10’s of millions of dollars.
The settlement came just before a trial which may have blocked importation of TOYOTA’s iconic PRIUS and other hybrid vehicles into the US.
Apparently, PAICE, which is relatively very small, also licensed its patents to FORD recently.
This shows once again how patents can be used effectively for commercial advantage.
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