Latest news with #MotiffEditorTool
Business Insider
15 hours ago
- Business
- Business Insider
Figma, Motif reach global settlement in IP litigation
Figma (FIG) and Motiff 'announced that the companies have reached an agreement to resolve their intellectual property disputes in the U.S. and Singapore. n September 2024, Figma filed a U.S. lawsuit for breach of contract and copyright infringement against Motiff and its affiliates. On the same day that Figma filed its U.S. suit, it also sued Motiff in Singapore for copyright infringement and trademark infringement. Figma and Motiff have mutually agreed to settle both lawsuits. Under the settlement agreement, Motiff will cease selling its current Motiff Editor Tool and will not sell any future products derived from it, globally, with the exception of mainland China. In mainland China, Motiff may continue to sell its current Motiff Editor Tool for one year, while it reengineers and redesigns the product.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Business Wire
a day ago
- Business
- Business Wire
Figma and Motiff Reach Global Settlement in Intellectual Property Protection Lawsuits
SAN FRANCISCO--(BUSINESS WIRE)-- Figma and Motiff announced today that the companies have reached an agreement to resolve their intellectual property disputes in the U.S. and Singapore. Under the settlement agreement, Motiff will cease selling its current Motiff Editor Tool and will not sell any future products derived from it, globally, with the exception of mainland China. In September 2024, Figma filed a U.S. lawsuit for breach of contract and copyright infringement against Motiff and its affiliates. On the same day that Figma filed its U.S. suit, it also sued Motiff in Singapore for copyright infringement and trademark infringement. Figma and Motiff have mutually agreed to settle both lawsuits. Under the settlement agreement, Motiff will cease selling its current Motiff Editor Tool and will not sell any future products derived from it, globally, with the exception of mainland China. In mainland China, Motiff may continue to sell its current Motiff Editor Tool for one year, while it reengineers and redesigns the product. Motiff has also agreed to reimburse Figma's legal expenses. 'Figma is singularly focused on building the best possible product for our users. We welcome fair competition and strongly believe that no one should be allowed to copy our or others' IP to gain an advantage. We are pleased to have reached a global settlement that aligns with Figma's values and allows us to keep building for our customers and community without distraction,' said a Figma spokesperson. 'Motiff is equally pleased to have reached a compromise global settlement with Figma that will allow us to focus our efforts on Motiff's AI 2.0 product. Motiff is committed to bringing AI value to our users,' said a Motiff spokesperson. The agreement took effect on July 23, 2025.
