Nokia and RIM enter into new patent license agreement
RIM payments to Nokia settle all legal actions between the companies
Espoo, Finland - Nokia has entered into a new patent license agreement with
Research In Motion. 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."
During the last two decades, Nokia has invested approximately EUR 45 billion in
research and development and built the wireless industry´s strongest and
broadest IPR portfolio, with around 10,000 patent families. Nokia is a world
leader in the development of handheld device and mobile communications
technologies, which is also demonstrated by Nokia´s strong patent position.
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