Nokia And RIM Settle Patent Dispute


Nokia and RIM have been engaged in a lawsuit relating to patents owned by Nokia with regards to WiFi, and now the two companies have announced that they have managed to come to an agreement that puts and end to the dispute.

RIM will make a one time payment to Nokia, as well as ongoing payments to liscense the patents in question from Nokia, although no details on how much the payments are were revealed.

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Obviously this is good news for both Nokia and RIM, who managed to settle their dispute without the need for lengthy court cases between the two companies.

Source Bloomberg