3M, Illinois Tool Settle Spray Paint Patent Suit

Law360, New York (November 5, 2008, 12:00 AM EST) -- Technology giant 3M Co. and manufacturer Illinois Tool Works Inc. have settled their patent infringement dispute over a 3M patent covering spray paint products by entering into a licensing deal and supply agreement.

St. Paul, Minn.-based 3M announced Wednesday that Glenview, Ill.-based ITW had acknowledged the validity and enforceability of 3M’s patent rights and has agreed to take a license under 3M patents. In addition, the parties have entered into a supply agreement under which 3M will supply a portion of ITW’s spray paint products system...
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