Pair enter into new patent license agreement that will see RIM making payments to Nokia to settle all legal actions
Nokia and RIM have kissed and made up just in time for Christmas, with a settlement agreement to end the ongoing patent disputes the pair have taken out against each other around the world.
Nokia has entered into a new patent license agreement with RIM. The agreement will result in the settlement of all existing patent litigation between the companies and withdrawal of pending actions in the US, UK and Canada related to a recent arbitration tribunal decision.
The financial structure of the agreement includes a one-time payment and ongoing payments, all from RIM to Nokia. The specific terms of the agreement are confidential.
'We are very pleased to have resolved our patent licensing issues with RIM and reached this new agreement, while maintaining Nokia's ability to protect our unique product differentiation,' said Paul Melin, chief intellectual property officer at Nokia. 'This agreement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.'
During the last two decades, Nokia has invested approximately Euro 45 billion in research and development and built the wireless industry's strongest and broadest IPR portfolio, with around 10,000 patent families.