Microsoft will pay $20 million to Lindows to give up the Lindows name and assign all related Web domains that it owns to Microsoft, according to the registration statement Lindows filed with the Securities and Exchange Commission.

Under the terms of the settlement, Microsoft will pay $15 million initially, "by wire transfer pursuant to instructions to be provided by Lindows," the Confidential Settlement Agreement and Mutual Release of Claims statement stated. Microsoft will then make the remaining payment of $5 million within seven days of the "execution and confirmation by Lindows of the Domain Name Assignment." "This case was centered on the fundamentals of international trademark law and our necessary efforts to protect the Windows trademark against infringement," said Tom Burt, corporate vice president and deputy general counsel for Microsoft, in a statement. "This settlement addresses those concerns, and we are pleased that Lindows will now compete in the marketplace with a name distinctly its own."

Full story here: http://www.internetnews.com/dev-news/article.php/3383071