LKQ Corporation and Ford Global Technologies, LLC have renewed their design patent license agreement, which was first entered into in April 2009. The license agreement grants to LKQ the exclusive right to distribute aftermarket replicas of Ford automotive parts covered by U.S. design patents. The renewal is on substantially the same terms as the previous agreement except that the term now extends until March 2020.
“I am pleased to announce the signing of this renewal,” said Robert L. Wagman, president and CEO of LKQ. “LKQ and Ford have forged a mutually beneficial relationship that helps ensure that consumers continue to have the choice between original equipment and non-OE automotive parts.”