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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: pyslent who wrote (68756)	9/13/2007 11:29:15 AM
From: talksfree	Read Replies (2) \| Respond to of 197398

Not quite - indemnification is a legal concept where a licensor tells the licensee that the licensor is the owner of the IP, and that if anyone sues the licensee claiming infringement of the IP the licensee is using, the licensor will "hold harmless" the licensor from the claim. It is akin to you buying a car from someone. You want to know that the person is really the owner of the car. By use of the indemnification, the licensee is protected monetarily if the licensor is not the owner of the IP (or it infringes someone else's IP). I can guarantee you that Verizon required Q to agree to indemnify it if the Q IP was found to infringe against anyone else's IP.