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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.
Source :NOKIA
