secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2021-12-06T23:59:59+00:00
Accession:  0000891092-21-007524
Event type: litigation
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands settles patent lawsuit with NEPA for $275,000; grants license
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- NEPA pays VPR $275,000 settlement within 14 days of effective date.
- VPR grants NEPA and affiliates a non-exclusive, royalty-free, fully paid-up license to '622 patent.
- Lawsuit dismissed with prejudice; each party bears its own attorneys' fees and costs.
- No admission of liability or infringement by either party under the settlement.
- License also covers NEPA Wholesale Inc. and Eshop NEPA Inc. as affiliates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221007524/0000891092-21-007524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221007524/vprb8k0921.htm
  HTML page:      https://secwatch.observer/filing/0000891092-21-007524

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer