Nokia and RIM Settle Differences; Enter Into New Patent License Agreement

Nokia and RIM Settle Differences; Enter Into New Patent License Agreement

Back in November Nokia was seeking to ban the sales of BlackBerry devices which had WLAN capabilities. Allegedly, RIM and Nokia had not come to agreement on royalties.

That’s all changed as RIM and Nokia have settled their differences and entered into a new patent licensing agreement. Check out the press release below:

Press Release

RIM payments to Nokia settle all legal actions between the companies

Espoo, Finland – Nokia has entered into a new patent license agreement with Research In Motion. The agreement will result in 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 on-going 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 EUR 45 billion in research and development and built the wireless industry’s strongest and broadest IPR portfolio, with around 10,000 patent families. Nokia is a world leader in the development of handheld device and mobile communications technologies, which is also demonstrated by Nokia’s strong patent position.

via Engadget

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