Universal Display Samsung Agreement: Legal Insights & Analysis

A Game-Changing Partnership: Universal Display`s Agreement with Samsung

As a law enthusiast, I am thrilled to discuss the groundbreaking agreement between Universal Display and Samsung. This partnership is not only a game-changer in the display technology industry but also a significant development in the world of intellectual property law.

Overview of the Agreement

The agreement between Universal Display and Samsung is a licensing deal that allows Samsung to use Universal Display`s OLED (Organic Light-Emitting Diode) technologies in its electronic devices. This partnership signifies the value of Universal Display`s intellectual property and the importance of protecting and monetizing innovations through licensing agreements.

Implications for Display Technology

According to recent statistics, the global OLED market is projected to reach $48.81 by 2023, with compound annual growth rate 15.2%. The partnership between Universal Display and Samsung is expected to further fuel the growth of OLED technology, leading to more vibrant and energy-efficient displays in various electronic devices.

Intellectual Property Considerations

From a legal standpoint, the agreement highlights the importance of intellectual property protection and licensing in the technology sector. By entering into a licensing deal, Universal Display not only ensures a revenue stream but also safeguards its patented technologies from infringement.

Case Studies

Company Type Impact
Universal Display deal Samsung Revenue generation and protection of intellectual property
Apple Inc. Court battles with Samsung over patent infringement Legal disputes affecting market competition and innovation
LG Display Collaboration with Mercedes-Benz for OLED automotive displays Expansion of OLED technology into new industries

The agreement between Universal Display and Samsung is a testament to the value of intellectual property and licensing in the technology industry. It not only propels the growth of OLED technology but also sets a precedent for future partnerships and licensing deals in the display technology sector.

As a law enthusiast, I am fascinated by the intersection of technology and intellectual property, and the Universal Display Samsung agreement is a prime example of the legal and commercial implications of such partnerships.

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Top 10 Legal FAQs about Universal Display Samsung Agreement

Question Answer
1. What is the Universal Display Samsung Agreement? The Universal Display Samsung Agreement is a legal contract between Universal Display Corporation and Samsung, outlining the terms of their partnership in developing and manufacturing display technologies.
2. What are the key provisions of the agreement? The agreement includes provisions related to research and development, intellectual property rights, licensing, manufacturing, and sales of OLED display products.
3. How does the agreement impact the display industry? The agreement has significantly influenced the OLED display market, leading to advancements in technology and expanding the availability of OLED products to consumers worldwide.
4. Are there any legal disputes related to the agreement? As of now, there are no major legal disputes reported between Universal Display Corporation and Samsung regarding the terms of their agreement.
5. What are the potential challenges faced by the parties involved? One of the potential challenges is to ensure compliance with all legal and regulatory requirements in different jurisdictions where the products are sold.
6. How does the agreement protect intellectual property rights? The agreement includes clauses to safeguard the intellectual property rights of both parties, including patents, trademarks, and trade secrets related to OLED technology.
7. Can other companies access the technologies covered in the agreement? Access to the technologies covered in the agreement is limited to Universal Display Corporation and Samsung, unless otherwise specified in the licensing terms.
8. What are the potential benefits for consumers from this agreement? Consumers can expect to enjoy high-quality OLED displays in various electronic devices, such as smartphones, tablets, TVs, and wearable gadgets, as a result of this partnership.
9. How long is the agreement valid for? The duration of the agreement and any renewal terms are typically confidential and not disclosed to the public.
10. What implications does the agreement have on competition in the display industry? The agreement has the potential to impact competition by influencing the market share and technological advancements of OLED display products offered by Universal Display Corporation and Samsung as compared to other display manufacturers.

 

Universal Display Samsung Agreement

This Agreement is entered into on this day of [Date], between Universal Display Corporation (hereinafter referred to as “UDC”), a corporation organized and existing under the laws of [State], with its principal place of business at [Address], and Samsung Electronics Co. Ltd. (hereinafter referred to as “Samsung”), a corporation organized and existing under the laws of [Country], with its principal place of business at [Address].

Article 1 Scope Agreement
Article 2 Payment Royalties
Article 3 Intellectual Property Rights
Article 4 Confidentiality
Article 5 Termination
Article 6 Applicable Law

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized representatives as of the date first above written.