Chinese online game provider Shanda (SNDA) says it has entered into an agreement with Wemade Entertainment and Actoz Soft Company to fully settle copyright infringement and unfair competition claims brought by Wemade and Actoz in 2003.

Those claims were made with respect to Shanda's development and operation of its online game "World of Legend", or Woool.

Under the terms of the settlement, Wemade and Actoz agree to recognize Shanda's copyright for Woool. In addition, Shanda agrees to recognize Wemade and Actoz's jointly-owned copyright of "The Legend of Mir II", the online game which they license to Shanda to exclusively operate in mainland China and Hong Kong.