Microsoft, Foxconn Settle Dispute Over Patent Royalties (1)

Microsoft Corp. and Hon Hai Precision Industry Co. settled a dispute over missed royalty reports under an agreement that allowed Hon Hai—better known as Foxconn—to use Microsoft’s patents, according to a filing in California federal court.

“Microsoft Corp. and Foxconn today jointly announce that both companies are going to forge a constructive new relationship based on mutual and reciprocal business interests,” a Microsoft spokesperson told Bloomberg Law. “As part of this new level of relationship, both companies have agreed to settle their respective legal claims including those pending in the California court.”

Microsoft agreed to grant Foxconn and its subsidiaries ...