Earlier this week, news broke that the lawsuit between 3D Systems and Formlabs had been settled, but the details of the settlement had not yet been released. Now, it seems that details are trickling in. According to a Form 8-K filed by 3D Systems, as part of the settlement to drop the lawsuit against Formlabs, the company will collect an 8% royalty on Formlabs product sales. The language is as follows:
The Order was entered into pursuant to the terms of a Settlement and License Agreement (the “Agreement”) dated November 25, 2014 between 3D Systems and Formlabs under which 3D Systems granted to Formlabs a worldwide, non-exclusive, royalty bearing, license, without the right to sublicense, to make and sell Formlabs products under the Subject Patents.…
The original post 3D Systems vs. Formlabs 3D Printing Settlement Update appeared first on 3D Printing Industry.
