The Federal Circuit held in Imation Corp. v. Koninklijke Philips Electronics N.V.1 that Imation’s rights under a cross-license agreement with Philips extend to two subsidiaries that Imation acquired after the termination of the agreement. The decision is a reminder of how important it is that license agreements be drafted clearly, carefully, and consistently to avoid unintended consequences of economic significance for the parties.
Please see full publication below for more information.