WiLAN and TSMC enter IP framework agreement
The latest framework agreement grants TSMC certain rights under semiconductor process technology patents currently owned by WiLAN. It also establishes an annual subscription basis for TSMC to obtain rights to certain future semiconductor process technology patents acquired by WiLAN. In addition, the framework includes patent assignments to TSMC based on a mutually agreed selection process.
Michael Vladescu, Chief Operating Officer for WiLAN commented, “This is a new type of transaction for WiLAN which is not only structured based on portfolios we own today but also includes a framework for future acquired portfolios. We hope this represents a mutually beneficial way to handle the business of patent licensing which we can apply in other situations.”
This agreement is separate from the agreement announced by WiLAN on April 1, 2016 regarding the Polaris Innovations Limited portfolio, which remains in place.
All other terms of the agreement are confidential.
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See also: WiLAN gets settlement agreement with Motorola Mobility
See also: WiLAN, Ericsson in patent license agreement
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