RIM licenses Nokia technology to settle patent claim

December 24, 2012

Nokia has signed a new patent license agreement with Research In Motion, which will end all existing patent litigation between the two companies. RIM will make a one-time payment and ongoing payments to Nokia, but the specific financial terms of the agreement are confidential, Nokia said in a statement on Friday. The deal seems to have come together quickly. In November, Nokia asked a California court to enforce an arbitration award that could have prevented RIM from selling products with wireless LAN capabilities until the companies agreed on patent royalty rates, according to documents obtained by IDG News Service. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2023254/rim-licenses-nokia-technology-to-settle-patent-claim.html