Apple and Nokia Settle Patent Dispute With New Licensing Agreement


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nokia , apple announced today have settled litigation related intellectual property dispute , agreed multi-year patent license.

under collaborative agreement, nokia said provide "certain network infrastructure products , services" apple. in turn, apple agreed return health products owned finnish company apple retail , online stores.

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in december of last year, nokia filed multiple complaints against apple in several countries, accusing cupertino company of infringing several of patents. in response, apple sued nokia in antitrust lawsuit against several patent assertion entities claimed trying collect excessive fees nokia patents. apple had established frand (fair, reasonable, , non-discriminatory) deals nokia, transferring patents patent holding companies, additional royalties can demanded.

days after legal dispute flared up, apple pulled withings-branded, nokia-owned accessories online , retail stores around world. nokia stood ground, however, claiming had not been able reach licensing agreement apple , therefore had defend rights.

following latest development, nokia receive up-front cash payment apple additional revenues forthcoming. figure remains undisclosed, net sales in nokia patent licensing reflect value of agreement, while nokia expects related revenues reflected in second quarter of 2017. no other details of terms of agreement have been released.

"we pleased resolution of our dispute , forward expanding our business relationship nokia," said jeff williams, apple's chief operating officer.

article link: apple , nokia settle patent dispute new licensing agreement
 

my thoughts after reading -- effect of gravity on once great finnish company.
 


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