Sawicon secures IP rights in court cases with OceanteamCompany News // March 8, 2016
Sawicon AS in Norway says it has reached an out of court settlement with Oceanteam ASA regarding Sawicon’s IP rights, relating to a series of offshore vessels, including the offshore construction vessel North Sea Giant.
Sawicon said the matter of the case was IP rights pertaining to offshore vessels designed by Sawicon in the period 2005-2010. The terms of the settlement are confidential but the IP rights remain vested in Sawicon as per the Bergen City Court's decision of 15 May 2013.
"Sawicon has hence secured the court's final confirmation for its exclusive rights to utilise the IP rights including know-how related to the disputed design, without approval from any other party," said the company.