Callaway Golf originally sued Titleist back in 2006 for alleged patent infringements centring around the very popular ProV1 golf ball and there were fears at various times production of the balls might cease.
Lengthy legal battles ensued with counter claims and appeals seeing the matter drag out in the courts for more than six years.
The companies released a one paragraph statement this week announcing the dispute had been resolved with no money changing hands.
No details of the settlement were released with a confidentiality agreement being signed by both parties.
Their joint statement said: “Acushnet Company and Callaway Golf Company jointly announced today that they have reached a settlement of all pending litigation and disputes, including disputes beyond the golf ball suits between the parties. No money changed hands, but under the terms of the agreement, each company will have specified rights to make golf ball and club products under patents owned by the other. Details of the settlement are confidential.”