1/2/2013 4:40:12 PM
RIM pays Nokia to settle dispute
Nokia has struck a deal with RIM, makers of BlackBerry, after it was paid an undisclosed sum to settle all existing patent litigation disputes between the two companies.
The agreement will result in 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.’