LITIGATION - D-Link Property Patent Litigation Settlement (Details Narrative) (D-Link property patent litigation settlement, USD $)
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1 Months Ended | |
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Sep. 30, 2009
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Aug. 31, 2007
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D-Link property patent litigation settlement
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Domicile of Litigation | United States District Court for the Eastern District of Texas, Tyler division | |
Name of Defendants | D-Link Corporation and D-Link Systems, Incorporated (collectively D-Link) | |
Settlement agreement counterpartys name | D-Link Corporation and D-Link Systems, Incorporated (collectively D-Link) | |
Settlement agreement, Terms | In September 2009, based upon several licenses issued to third parties under the Companys Special Licensing Program, the Company agreed with D-Link to adjust the royalty rate to 1.7% of the sales price for Power Servicing Equipment (which includes Ethernet switches) and 2.0% of the sales price for Powered Devices (which includes wireless access points) | Under the terms of the settlement, D-Link entered into a license agreement for the Companys Remote Power Patent the terms of which include monthly royalty payments of 3.25% (subject to adjustment as noted below) of the net sales of D-Link Power over Ethernet products, including those products which comply with the IEEE 802.3af and 802.3at Standards, for the full term of the Remote Power Patent, which expires in March 2020. The royalty rate is subject to adjustment to a rate consistent with other similarly situated licensees of the Remote Power Patent based on units of shipments of licensed products |
Upfront payments by licensed defendants (in dollars) | $ 100,000 |
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Description of the terms of a settlement agreement which resolved the legal matter, including the nature of the consideration, timing of payment, and the nature of rights obtained or lost (for example, but not limited to, patent, trademark, copyright, license and franchise rights). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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