Vertical Computer Systems Inc (fka VCSY)

[optics_guy]

Meaning of Fully Paid-up License

This is from the vcsy FAQ page:


What is the meaning of a "Fully Paid-up License" in the context a patent license?


A "fully paid up" license for a patent means that the licensee is free to use under that patent without the payment of any additional compensation. The licensee does not have the permission to license any rights with respect to another party’s products.


So, since the settlements between MSFT, LG, SAMMY and IWOV are all fully paid-up licenses, there will be a one-time only payment from each company. There will be no periodic royalties.