Sharp and OPPO announced the companies have reached an agreement on global cross patent licenses, including patents for communication technologies and covering sales of terminal products of both parties.
The cross-licensing agreement also ends all ongoing litigation between the two companies worldwide.
The global patent dispute began in 2020. Both companies agree to dismiss the case following the signing of the cross-licensing agreement, which demonstrates the value of both companies’ patent portfolios.
“Sharp views that this agreement reflects both parties respect the values of each intellectual property. While we license standard essential patents for communication technologies to various leading companies, we are pleased that with this agreement, we can update the value of our patent portfolio once again,” said Mototaka Taneya, Executive Managing Officer, Corporate Research & Development BU President at Sharp.
“OPPO believes deeply in the value of innovation and highly respects intellectual property. We are pleased with the outcome that both companies resolve the global patent disputes in an amicable way. The cross-licensing agreement again recognises OPPO’s IP strength,” said Adler Feng, Senior Director of Intellectual Property at OPPO.
