Details of the patent licensing agreement between RIM and Nokia have begun to emerge, and it looks like RIM’s pockets will be a little light heading into the new year. According to an SEC filing that was filed when the Waterloo-based company agreed to pony up a one-off fee, it was somewhere in the $65 million region. And there are still more payments to come.
It’s unclear how much later installments will cost RIM, but some quips about the agreement suggests somewhere in the $2-$5 per handset range. That’s a pretty hefty annual sum for a company whose shares dipped in Q3, but at least keeps the two companies out of the courtroom, which is a nice change of pace compared to all the other ongoing lawsuits around the world.