A fine example of how legal relations may end amicably is probably here to stay. The Nokia and Apple patent war has finally come to an end with the latter surrendering to the terms of a settlement.
As per the agreement, Apple owes a one-time payment and future royalties to the Finnish corporation. Much to the agony of curious minds, the specific terms of the contract are deemed to be confidential.
“We are very pleased to have Apple join the growing number of Nokia licensees. This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market,” commented Stephen Elop, president and chief executive officer of Nokia.
The saga traces back to 2009 when Nokia sued Apple for violation of 10 patents associated with wireless connectivity. However, Apple countersued the former stating infringements of 13 patents. But all is well that ends well seems to hold good in this case.
Presently, Nokia and Apple have withdrawn complaints their that were filed with the US International Trade Commission.