As I recall, Swatch paid/pays for the license to use the LQMT (Valencia) IP to produce it's own watch parts. I do not recall that prevents LQMT from licensing other watch makers, like Apple which in any event has rights to Crucible. Far as I know, that has not created an issue between Swatch and Apple. But you are right, better DD. Who owes Valencia at least royalties? Apparently nobody does.
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