Shoe company Crocs and Inter-Pacific Trading Corporation have settled a lawsuit claiming that Inter-Pacific violated Crocs' US patents on its footwear.

According to Crocs, Inter-Pacific has agreed not to infringe patents or trade dress in the future, while Crocs will clear Inter-Pacific of any past wrongdoing.

The lawsuit claimed Inter-Pacific's 'Sunsurfer Shoes' violated Crocs' US patents.