SUBSEQUENT EVENTS
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12 Months Ended |
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Dec. 31, 2013
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Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
On March 13, 2014, the Companys wholly-owned subsidiary Relay IP, Inc. entered into a patent license and license option agreement (the Relay Agreement) with RPX Corporation (RPX). The Relay Agreement provides for the licensing of a certain patent to RPX at the closing of the transaction and the option for RPX to acquire additional licenses for the patent upon payment of additional consideration to Relay IP, Inc. as provided for in the Relay Agreement.
Also, on March 13, 2014, the Companys wholly-owned subsidiary Sampo IP, LLC entered into a patent license and license option agreement (the Sampo Agreement) with RPX. The Sampo Agreement provides for the licensing of certain patents to RPX at the closing of the transaction and the option for RPX to acquire additional licenses for the patents upon payment of additional consideration to Sampo IP, LLC as provided for in the Sampo Agreement.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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