Nanotechnology Companies Settle Patent Spat

Law360 (August 11, 2008, 12:00 AM EDT) -- Asylum Research Corp. and Veeco Instruments Inc. have agreed to settle all pending claims in an almost five-year dispute over patents relating to atomic force microscopes produced by the two companies, with Asylum conceding that Veeco's patents-at-issue are valid and agreeing to pay a licensing fee.

The manufacturers announced the settlement Monday of claims initially filed by Veeco in the U.S. District Court for the Central District of California. The agreement provides for the California-based companies to cross-license one another's patents globally for five years, with Asylum paying Veeco a lump licensing fee as well as a continuing royalty for the...

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