LG seeks compensation for canceled Apple Watch microLED display panel order
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- Anonymous
- tZ0
- 19 Aug 2024
Alan, 13 Aug 2024Well LG guess if you cannot find other buyer for that micro... moreBeing 'just' the 2nd best display maker is a big deal since the 3rd best and lower display makers are still struggling to match the quantity, let alone the quality of the top 2.
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- Sam N8 808 owner
- GR{
- 15 Aug 2024
Anonymous, 13 Aug 2024So, you're arguing Apple would hand over all the requi... moreI wouldn't say I am arguing. Rather, the news article in question says so.
News is anyways based on sensationalism, so I can't believe anything, unless I was there or I blindly trust the source.
And like I already said, agreement is no contract, so perhaps they had an agreement and then Apple broke it? Perhaps. We might never know.
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- Sam N8 808 owner
- GR{
- 15 Aug 2024
Anonymous, 13 Aug 2024Regarding agreements, it depends on the jurisdiction and th... moreWhat I said about agreements is relevant in India, so that's that. My company once had an agreement with another company to buy from them ATM machines and get it installed, but once we found out that we'd be in for a loss, we backed out, didn't buy a single ATM, and nothing happened.
Again, I'm not a lawyer, nor is law my subject of study. So, I can't conclude this topic just yet. I'll tell you the bits and pieces I know, humbly at it.
A Non-disclosure agreement is binding legally, but which act makes it bind? Yes, the Indian Contracts Act 1872. All contracts are agreements also, by the way.
Legally, NDA is treated a contract, but its called an agreement because sometimes NDA's can't be legally enforced for morality & other reasons.
For example, when an NDA force employees to be unemployed, because they can't join their competitor, thus NDA ceases to be legally binding after this.
Also, for whistleblowing purposes, NDA ceases to be enforceable.
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- Anonymous
- 05e
- 13 Aug 2024
Sam N8 808 owner, 13 Aug 2024Sometimes, specially for sales of products, even big compan... moreSo, you're arguing Apple would hand over all the required specs and schematics for the displays, without any type of written agreement? Really? A trillion dollar corporation running its core business on word of mouth? For some reason, I find that very hard to believe.
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- Anonymous
- 70d
- 13 Aug 2024
Sam N8 808 owner, 13 Aug 2024Sometimes, specially for sales of products, even big compan... moreRegarding agreements, it depends on the jurisdiction and the intent. Some agreements are definitely legally binding, though. You know of NDAs, right?
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- Sam N8 808 owner
- rJ{
- 13 Aug 2024
Anonymous, 13 Aug 2024It's nearly impossible that there is no contract or ag... moreSometimes, specially for sales of products, even big companies make-do with just agreements and not contracts.
Agreements, legally are something you can back out from, they're not legally enforceable like a contract is.
The report says, "LG was preparing to carry out the "microLED backplane process at Apple's unofficial request"".
Doesn't look like a contract was done.
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- Anonymous
- 70d
- 13 Aug 2024
Sam N8 808 owner, 13 Aug 2024Its one of those situations where no one's completely ... moreIt's nearly impossible that there is no contract or agreement. Do you think that the Apple CEO simply called the LG CEO and ask him for this or what?
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- Anonymous
- 70d
- 13 Aug 2024
Alan, 13 Aug 2024Well LG guess if you cannot find other buyer for that micro... moreI don't think that you get it. It's a given that there is a contract. It may not be specific how a party that breaches the contract will compensate another party, though, so it's very normal to discuss it. That's simply how business works.
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- Sam N8 808 owner
- rJ{
- 13 Aug 2024
Its one of those situations where no one's completely wrong..
LG has a point reg. time and money invested, and Apple has a right to change its own plans. Without a predefined contract or agreement, none of the parties are at fault.
A noob question: Why doesn't LG develop its own watch to use the developed displays?
Any insightful answers why they don't do this?
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- Alan
- IVF
- 13 Aug 2024
Well LG guess if you cannot find other buyer for that microLED guess it is not much good then.
However just a word of caution do not bite the hands that feed you as you are just the 2nd best in the mobile display and likely Apple is looking at China to replace you one day soon enough.
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- Anonymous
- YUU
- 13 Aug 2024
Wow, people here literally didn't even read the article 😳😳
Straight up bashing Apple 🤦🏻♂️
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- Anonymous
- 05e
- 13 Aug 2024
This is another thing regulators should hit down really hard on. Apple is mostly doing this to occupy and waste production capabilities competitors could use. They can only do this as the manufacturer knows it's a big customer, meaning potential big future revenue.
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- X User
- uHQ
- 13 Aug 2024
Yeah, Apple done a pretty dick move for this MicroLED Project thingy. Many companies were affected by it.
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- Anonymous
- 8tM
- 13 Aug 2024
$65m is nothing to Apple so paying that should be worth not getting sued over it