"With interest and fees, the total amount exceeds $700 million."
"The methodology employed to arrive at his $56.43 million reasonable royalty was considered controversial."
The UK Court of Appeal ruled that Apple owes $502 million to Optis Cellular Technology for a worldwide fair, reasonable, and non-discriminatory (FRAND) license for 4G standard essential patents. With interest, the total exceeds $700 million. Optis had previously won $56.43 million in a lower court ruling, which faced criticism for its methodology. Optis argued that the royalty rate should account for comparable licenses and sales volume, potentially leading to a billion-dollar figure. This case sheds light on FRAND licensing in the tech industry and the power dynamics between patent holders and tech companies.
Read at IPWatchdog.com | Patents & Intellectual Property Law
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