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Apple & HTC's new patent agreement will be voided if either company gets acquired

Apple, HTC's new patent agreement will be voided if either company were to be acquired.

@anthony256
Published Wed, Nov 21 2012 11:33 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

Last week saw ink to paper between Apple and HTC, where the two companies signed a new patent agreement. This new patent agreement included a special clause, that would see the agreement invalidated if either company is acquired by another company.

Apple & HTC's new patent agreement will be voided if either company gets acquired | TweakTown.com

I don't see Apple being acquired anytime soon, but I do see HTC being acquired in the near future with all of the problems they're experiencing right now. This means that Samsung could come in and scoop HTC up, thinking they'd end their legal battles with Apple, but it would definitely not be the case. The clause reads:

In the event of a Change of Control of a party. This Agreement shall automatically terminate unless otherwise agreed in writing by the Parties, effective immediately prior to such Change of Control.

The definition of a "Change of Control" is where the original company is left with less than 50% of the voting power, or if the original company is merged with a third-party. This licensing agreement could be transferred to the company acquiring HTC (again, I don't see Apple being acquired), only if Apple and HTC grant the company with special permission.

NEWS SOURCE:bgr.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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