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From Earlier: Nokia
NOK has entered into a new patent license agreement with
Research In Motion
RIMM. 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."
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