(Image source: PCMag)

BY LOWELL THOMAS

ANCHOR MEGAN MURPHY 

Nokia reached a new patent agreement with Canadian rival Research In Motion Friday. Here’s Bloomberg with more...

“Well Nokia has settled its patent dispute with Research In Motion. RIM will make an undisclosed payment to the Finnish phone maker. The two companies will also enter a patent license accord.”

According to Forbes, Research in Motion will make a  one-time payment and ongoing royalty payments” after being sued by Nokia for breaching a patent contract in 2003.
The contract covered patents on “standards-essential” technologies for mobile devices, but Research in Motion claimed it should have covered non-essential parts.
Nokia’s chief intellectual property officer says …

“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.”

The legal victory helps protect Nokia’s reputation as of the leading patent holders, with 10,000 patent families and $60 billion invested into research and development. However, both companies are struggling to gain a stable foothold in the mobile device industry. [Sources: Washington Examiner, PCMag]

 

Nokia, RIM Reach Patent Agreement

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Dec 21, 2012

Nokia, RIM Reach Patent Agreement

(Image source: PCMag)

BY LOWELL THOMAS

ANCHOR MEGAN MURPHY 

Nokia reached a new patent agreement with Canadian rival Research In Motion Friday. Here’s Bloomberg with more...

“Well Nokia has settled its patent dispute with Research In Motion. RIM will make an undisclosed payment to the Finnish phone maker. The two companies will also enter a patent license accord.”

According to Forbes, Research in Motion will make a  one-time payment and ongoing royalty payments” after being sued by Nokia for breaching a patent contract in 2003.
The contract covered patents on “standards-essential” technologies for mobile devices, but Research in Motion claimed it should have covered non-essential parts.
Nokia’s chief intellectual property officer says …

“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.”

The legal victory helps protect Nokia’s reputation as of the leading patent holders, with 10,000 patent families and $60 billion invested into research and development. However, both companies are struggling to gain a stable foothold in the mobile device industry. [Sources: Washington Examiner, PCMag]

 

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