Amazon.com is coughing up $40m to settle a patent infringement case with Soverain Software covering ecommerce patents. Yesterday, Amazon announced in an SEC filing that it had reached a settlement with Soverain, which included a $40m one-time payment, the dismissal of all claims and counterclaims, mutual releases and a non-exclusive licence to Soverain's patent portfolio.

On its website, Soverain describes itself as a pioneer in e-commerce technology, and, on its page history refers to its 'acquisition of Open Market's Transact software product and related intellectual property from divine in 2003.'

Originally by The Register - Internet and Law: eCommerce, 4:32 PM

Read more