DealsJul 23, 2026, 08:02 AM
VPR Brands Licenses Patent to JUUL Labs for $11M
AI Summary
VPR Brands, LP entered into a License and Release Agreement with JUUL Labs, Inc. on July 22, 2026. Under the agreement, VPR Brands granted JUUL Labs a non-exclusive, worldwide, perpetual, irrevocable license for U.S. Patent No. 8,205,622 B2 and other patent claims. In exchange, JUUL Labs will pay VPR Brands $11 million in installments, and both parties agreed to settle potential disputes without admission of liability.
Key Highlights
- VPR Brands entered a License and Release Agreement with JUUL Labs, Inc.
- JUUL Labs will pay VPR Brands $11,000,000 in installments.
- The agreement settles potential disputes regarding U.S. Patent No. 8,205,622 B2.
- VPR Brands granted JUUL Labs a non-exclusive, worldwide, perpetual license.
- The license covers the '622 Patent and Other Patent Claims for Licensed Products.
- The agreement commenced July 22, 2026, with a long-term duration.
Price Impact
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