The technological biggies, Nokia Corp. and Apple Inc. signed a license agreement, thereby putting an end to the patent tussle, which has been on since long.
The end.. (Image credit: ubergizmo.com)
The two companies doused the last flames by withdrawing their individual set of complaints to the U.S. International Trade Commission. As per the latest developments, it has been decided that Apple will have to pay a one-time fee and ongoing royalties to Nokia for the term of the agreement, however, financial details of the same weren’t disclosed. The tussle that was on since the past two years or so, saw the iPhone maker caught in the web of patent litigations. Popular handset manufacturer, Nokia had accused Apple of violating over 10 patents, to begin with which pertained to the GSM, 3G, and Wi-Fi functionalities, as also those of wireless data, speech coding, security and encryption.
Source: Wall Street Journal
Published Date: Jun 14, 2011 04:06 pm | Updated Date: Jun 14, 2011 04:06 pm