According to Lenovo’s official website, its subsidiaries Motorola Mobility and Sharp have reached a global agreement on cross-patent licensing of their respective organizations’ wireless communication technologies.
Lenovo said it was pleased to have reached an agreement in which the two parties agreed on the fair value of each other’s investment portfolios, and both parties expressed their willingness to obtain licenses on a fair, reasonable and non-discriminatory (FRAND) basis.
Note: FRAND is a fair, reasonable, and non-discriminatory term used by SSOs (an international standards organization) to restrict standard patent rights. It is usually used in Europe and the United States.
Lenovo said Motorola is a leading global handset vendor with a long history of innovation and iconic flagship devices such as the foldable razr, first launched in 2004 and relaunched in 2019. Lenovo continues to innovate and contribute to the advancement of cellular technologies across its portfolio, with companies globally licensing more than 1,900 patent families cited as critical to 3G, 4G and 5G standards.
Commenting on the agreement with Sharp, John Mulgrow, Lenovo Vice President and Global Head of Intellectual Property, said: “Our cross-licensing agreement with Sharp is an opportunity for the two companies to come together with mutual respect for each other’s investment and innovation, and to prepare to develop a FRAND A classic example of negotiating on the basis of Get affordable innovation with your own innovations and industry cross-licensing agreements.”
