Curated News
By: NewsRamp Editorial Staff
December 30, 2024
VPR Brands LP Announces Settlement Agreement with 7 Daze, LLC to Protect Auto Draw Technology
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GithubTLDR
- VPR Brands leverages patented Auto Draw Technology for a competitive edge in the vaping market.
- Settlement Agreement with Daze includes $100,000 payment structured over time and non-exclusive license terms.
- VPR Brands' proactive approach fosters industry collaboration, supporting mutual growth and innovation.
- VPR Brands' legal success and settlement with Daze showcase industry leadership and commitment to innovation.
Impact - Why it Matters
This news highlights the importance of safeguarding intellectual property in the competitive vaping market. The agreement showcases VPR Brands' dedication to innovation and collaboration, setting a precedent for industry relationships. By securing favorable settlements and licensing agreements, VPR Brands reinforces its position as a leader in vaping technology.
Summary
VPR Brands LP has reached a Settlement Agreement and Release with 7 Daze, LLC, following a favorable ruling on US Patent 8,205,622 B2. The agreement includes a $100,000 settlement payment and a non-exclusive license for Daze to use the patented Auto Draw Technology. This development underscores VPR Brands' commitment to innovation and protecting its intellectual property.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, VPR Brands LP Announces Settlement Agreement with 7 Daze, LLC to Protect Auto Draw Technology
