Nokia, RIM settle old disputes on patents
HELSINKI - Nokia Corp. says it has entered into a new licence agreement with smartphone rival Research In Motion (TSX:RIM) which will end all existing patent litigation between the two struggling companies.
Nokia said today that the agreement includes a "one-time payment and on-going payments, all from RIM to Nokia," adding that the terms were confidential.
Last month, the Finnish company sued the Blackberry maker for breach of contract in Britain, the United States and Canada over cellular patents they agreed on in 2003.
Major manufacturers of phones and wireless equipment are increasingly turning to patent litigation in the rapidly growing lucrative smartphone market.
Nokia is among leading patent holders in the industry.
Last year, it received a $565 million royalty payment from Apple Inc. to settle long-standing patent disputes.
Latest Tech Galleries
More and more, farmers are managing pests with biopesticides, natural combatants that come from sources like bugs, plants, and bacteria. In the 1970s a... More More and more, farmers are managing pests with biopesticides, natural combatants that come from sources like bugs, plants, and bacteria. In the 1970s and '80s, scientists used a parasitic wasp from South America to manage a mealy bug infestation threatening Africa’s important cassava crop. By 2050 we'll need to feed two billion more people. Click here for a special eight-month series exploring how we can do that—without overwhelming the planet: http://food.nationalgeographic.com. Watch more Food by the Numbers videos: http://www.nationalgeographic.com/foodbynumbers/
Date 9 hrs ago, Duration 1:54, Views 88