Technology and intellectual property assets are a significant, if not fundamental, component of most business transactions. Our Intellectual Property Transactional Practice brings together deal-savvy corporate generalists with technical and legal expertise in IP law across many asset classes. We leverage this knowledge to address our clients’ critical intellectual property needs, devising transactional strategies to identify opportunities and unlock the hidden value of intangible assets.
Paul, Weiss client Ericsson completed its previously announced sale of more than 2,100 issued U.S. and international patents and patent applications to Unwired Planet, Inc. The portfolio includes patented inventions related to telecommunications infrastructure and mobile internet technologies, such as GSM, GPRS, EDGE, WCDMA and LTE, as well as many other patented inventions that are widely implemented in many popular wireless devices and mobile industries.
Unwired Planet will compensate Ericsson with certain ongoing rights in future revenues generated from the patent portfolio. Unwired Planet also granted Ericsson a license to its enlarged patent portfolio. Following the transaction, Unwired Planet will execute a strategy as a long-term industry platform for the realization of intellectual property value.
The Paul, Weiss team included corporate partners Dale Sarro and Marilyn Sobel and counsel Richard Elliott, Ji Lu and Didier Malaquin; intellectual property partner Charles Googe; bankruptcy partner Stephen Shimshak and counsel Diane Meyers; tax partner Richard Bronstein; corporate and litigation partner Stephen Lamb; and litigation partners Catherine Nyarady and Joseph Simons.February 14, 2013