Nokia on Friday announced that the company entered into a patent licensing agreement with RIM, ending any and all existing litigation battles between the two across the world. RIM is obligated to pay a one-time payment to Nokia, under the terms of the agreement, as well as ongoing payments—specific license pricing wasn’t shared. Nokia, as expected, is thrilled.
“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 proper officer at Nokia.
Both Nokia and RIM agreed to a cross-licensing deal nearly a decade ago, but RIM was discovered to have breached that contract, leading to legal proceedings.
“This agreement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market,” Melin said.