NICE, Dictaphone Settle Patent Litigation
Under the terms of the settlement, NICE will pay Dictaphone $10 million, of which approximately $4.9 million is covered by insurance, the companies said in a statement.
Furthermore, Dictaphone and NICE will each grant the other a worldwide, royalty-free, perpetual license to some of their patents, including the disputed patents.
The two companies further agreed to enter into enforcement proceedings...
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