Nokia recently announced that the Finnish smartphone manufacturing company has just dived into a new patent licensing deal with Research in Motion. According to Nokia, they will accept a one-time payment scheduled for Q4, in addition to on-going payments from RIM, but other than that, we were not privy to the specific terms of the agreement. Paul Melin, chief intellectual property officer at Nokia, said,”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. This agreement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.”
Basically, this means that all current patent disputes and outstanding court cases between the two firms will no longer be made available in the U.S., U.K. and Canada. Nokia is not out of the woods just yet though, as they still have disputes with Taiwanese firm HTC and ViewSonic. Now that it seems as though all’s well that ends well, can both companies move forward to new heights?