Pergo, Uniboard and Unilin enter into Settlement and Cross License Agreement
Pergo, Uniboard and Unilin have entered
into a Settlement and Cross License Agreement to settle all outstanding
disputes between the parties relating to the parties mechanical joint,
bevel, molding and surface technologies. As a consequence the parties
will withdraw the legal actions pending against each other.
The parties are happy to have found a mutually beneficial solution that recognizes the strong patent portfolio of each party and that further support each other’s licensing strategy.
The parties have agreed not to disclose the specific terms of the settlement.
The parties are happy to have found a mutually beneficial solution that recognizes the strong patent portfolio of each party and that further support each other’s licensing strategy.
The parties have agreed not to disclose the specific terms of the settlement.