VPR Brands entered into a Settlement and Patent License Agreement with R.J. Reynolds Vapor to resolve ongoing patent litigation. R.J. Reynolds Vapor will pay $14.9 million, and both parties exchanged mutual releases without any admission of liability or validity. VPR Brands granted a non-exclusive, worldwide, fully paid-up, perpetual license under its U.S. Patent No. 8,205,622 B2 for defined Licensed Products, with no right to sublicense. The agreement provides finality to the dispute and monetizes the patent.
Agreement details:
- Agreement type: Settlement and Patent License Agreement (paid-up, non-exclusive, worldwide, perpetual)
- Counterparty: R.J. Reynolds Vapor
- Signed / Effective: Jul 10 2026 / same
- Duration / Termination: Perpetual
- Reason: Resolve litigation and monetize patent with paid-up license
Original SEC Filing:
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