(T-shirt Factory, screenshot)

The Associated Press has settled its lawsuits against Obey Clothing, “an apparel company and exclusive licensee of Shepard Fairey,” according to a press release posted on Editor and Publisher.

Under the settlement, the AP and Obey Clothing “will collaborate to create and sell apparel using Shepard Fairey’s graphics based on photographs owned by the AP.”  Obey Clothing will also ask for the AP’s OK before using its photos.  Any financial agreements are undisclosed.

In a statement, the AP’s president and CEO Tom Curley noted that the “settlement will benefit the AP’s Emergency Relief Fund.”