Nichia and Toyoda Gosei settle their differences
The two companies jointly issued a press release (see related links) summarizing the terms of their agreement as follows:
- Both parties agree that either party shall not demand against the other party injunctive relief or claims for damages, etc. in respect of manufacturing or sales based on any of the patents of the former party.
- Both parties agree that either party shall not be liable to the other party for payment of damage compensation (including any settlement payment), or for ceasing manufacture or sale of its own products with respect to any of the patents currently owned by the other party (including the subject patents of the lawsuits).
- Both parties agree to withdraw any and all infringement actions or invalidation proceedings in the Japanese Patent Office (JPO), and any action before the Tokyo High Court for reversal of any trial decision of the JPO, pending between both parties.
- Both parties agree that in the event either party utilizes the other party s future patents in respect of any future product, the former party shall pay a reasonable royalty to the former party.
- Concerning Nichia Corporation s patents relating to white LEDs in which YAG phospher material is used, Toyoda Gosei agrees to pay Nichia Corporation a royalty agreed upon by both parties in respect of future products using YAG for which the said patents will be utilized.
