Courtesy: Nest
By Reuters
May 5, 2016

Alphabet’s Google (goog) and climate control systems maker Honeywell International (hon) have reached an agreement to resolve patents disputes related to Alphabet’s Nest Labs, a maker of Internet-connected thermostats.

The companies said on Thursday that they had reached a long-term patent cross-license agreement.

The statement did not disclose financial and other details of the agreement.

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