Telus Corp. has agreed to settle a patent lawsuit against technology licensing company Wi-LAN Inc. that was first disclosed in January.
In the letter of intent signed by both companies, Telus has agreed to sell to Wi-LAN any rights it may have had on the disputed patents, which originate in both Canada and the United States. Financial terms of the settlement were not disclosed. The companies have not specified what the patents are. Wi-LAN first announced the lawsuit in January, noting the claim was filed in April 2009.
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