VPR Brands enters $11M patent license and settlement agreement with JUUL Labs

VPR Brands, LP.

VPR Brands receives $11M from JUUL Labs in settlement and license deal for U.S. Patent No. 8,205,622 B2.
Mutual releases; no admission of liability, validity, or infringement by either party.
Non-exclusive, worldwide, perpetual license granted to JUUL for Licensed Products; no sublicense rights.
Term runs from July 22, 2026 until six years after last patent expiration; termination for payment breach.
Agreement to be filed with Q3 2026 10-Q with redactions per SEC rules.

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