Baker Hughes, ReedHycalog Reach $100M Settlement
Under the terms of the deal, announced last week, the two companies agreed to cross-license the disputed technologies. Baker Hughes will pay ReedHycalog $70 million in royalties for prior use of the patented technologies and will pay a minimum of $30 million in royalties for future use.
At the same time, ReedHycalog has agreed to pay unspecified royalties...
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