DOMINO’S has settled a long-running legal saga with small tech start-up Precision Tracking over an intellectual property dispute regarding its GPS driver tracking.

The dispute, which had been dubbed as a “David and Goliath” case by commentators, first appeared before the courts in April 2016.

The Queensland-based pizza giant would not reveal the details of the settlement today but said it would continue using the technology at the centre of the dispute, which has been one of the keys in driving the company’s rapid growth.

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In a statement Domino’s said the company was “pleased to advise it has settled its dispute with Precision Tracking … in relation to (Domino’s) GPS Driver Technology”.

Domino’s said under the terms of the settlement, the pizza chain would continue to use its GPS Driver Tracker technology, and that both companies would drop the claims against each other.

While the commercial terms of the settlement remain confidential, Domino’s said it would not have any material impact on the company’s full-year forecast earnings.

Sydney company Precision Tracking had previously made claims that it developed the technology over a number of years and was preparing to roll it out nationally with Domino’s when talks between the two companies ended.

Domino’s later did a deal with Navman Wireless to develop its current GPS technology.

Precision Tracking was seeking millions in damages, while Domino’s sued the company and its directors for confidentiality breaches and reputation damages.

Precision Tracking on Tuesday said the terms of the settlement allowed the company to utilise its patents and technology with third parties.

“The resolution of this dispute is on mutually satisfactory terms and is the culmination of four years of very hard work,” it said in a statement.

“We are now looking forward to focusing on engineering and the creation of innovative solutions and technology that give our clients the edge.”

Domino’s shares closed 1.8 per cent up to $56.27 on Tuesday.