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Intergraph Reaches Patent Agreement With Sony


HUNTSVILLE, AL - Intergraph Corporation (NASDAQ: INGR), a leading global provider of spatial information management (SIM) software, announced a patent license agreement between Intergraph's intellectual property subsidiary and Sony Corporation of Japan. Under the terms of the agreement, Sony will make a one-time, up-front royalty payment of $15 million. Intergraph expects to record after-tax intellectual property income from this agreement of approximately $8.6 million, net of all fees, expenses and estimated taxes, in the first quarter of 2006. As a result of the patent license agreement, Sony will obtain a fully paid-up worldwide license to Intergraph’s patent portfolio, and Intergraph will obtain an option to license certain Sony patents on royalty-bearing terms.

Commenting on the settlement, Intergraph CEO & President Halsey Wise said, “We are pleased to have reached a licensing agreement with Sony. This license with Sony demonstrates our continued commitment to enforce and realize valu

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Did You Know?

A patent protects your invention.

A patent for an invention is a grant of property rights by the U.S. Government through the U.S. Patent and Trademark Office. The patent grant excludes others from making, using, or selling the invention in the United States. The terms "Patent Pending" and "Patent Applied For" are used to inform the public that an application for a patent has been filed. Patent protection does not start until the actual grant of a patent. Marking of an article as patented, when it is not, is illegal and subject to penalty.

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 Helpful Patent Terms
Allegation Of Use

Definition:
A sworn statement signed by the applicant or a person authorized to sign on behalf of the applicant attesting to use of the mark in commerce.

Mere Descriptiveness

Definition:
Statutory basis (Trademark Act Section 2(e)(1), 15 U.S.C. Section 1052(e)(1), TMEP 1209 et seq) for refusing registration of trademarks and service marks because the proposed mark merely describes an ingredient, quality, characteristic, function, feature,

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• Bottomline Technologies Acquires Legal e-Billing Patent


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• Burst.com Files Patent Infringement Suit Against Apple Computer

 

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