Nokia and RIM Enter Patent Licensing Agreement; RIM to Pay Settlement Fee + Royalties

In a recent press release Nokia has announced that they have reached a settlement with RIM, over the multiple patent disputes that were undergoing (mainly the WiFi patents). Although no figures were released RIm (similar to Apple’s settlement last year) will pay a one time settlement fee, plus ongoing royalties for the use of Nokia’s patent technology.

“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.”

Read the full press release here: http://press.nokia.com/2012/12/21/nokia-and-rim-enter-into-new-patent-license-agreement/

Category: Nokia