Transmeta and Intel Settle Down Patent Agreement

While Transmeta initiated a legal action against Intel for patent infringement, both companies settled down an agreement. According to unveiled terms, Intel will make an initial US$150 million payment and pay Transmeta an annual license fee of US$20 million for each of the next five years.
According to this agreement, Intel will be granted a perpetual non-exclusive license to all Transmeta patents and patent applications (current ones and within 10 years period).