Nokia & RIM Bury the Hatchet With New Patent Agreement

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Last month Nokia tried blocking the sale of BlackBerry phones with Wi-Fi in the US. Over the weekend it looks like RIM made up with Nokia and entered in a new patent agreement. That was the most likely resolution and thankfully one that is barely a hiccup for RIM. Check out the announcement below:

Published December 21, 2012 | By Nokia – Press Release

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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