litigation
confidence high
sentiment neutral
materiality 0.55
Fox Factory settles patent disputes with SRAM; cross-licenses chainring and axle patents
FOX FACTORY HOLDING CORP
- All claims dismissed with prejudice; no admission of liability by either party.
- SRAM grants Fox Factory non-exclusive license under SRAM chainring patents for FOX brand with specified royalty rates.
- Fox Factory grants SRAM non-exclusive, royalty-free license under Fox axle patents for SRAM brand.
- Mutual releases exchanged between the parties.