Nokia and RIM settle differences, enter into new patent license agreement

Back in November, Nokia was seeking a ban the on the sale of all BlackBerry smartphones with WLAN capabilities following a dispute over patent royalty fees arguing that an earlier patent ruling states RIM is not allowed to manufacture devices with wifi connectivity. RIM argued the matter stating that agreement from 2003 in which Nokia licensed various patents regarding mobile devices to RIM should have covered those patents. Jump ahead to today and the scuffle is over as Nokia have entered into a new patent license agreement with Research In Motion:

"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."

While the full terms of the agreement are not noted and remain confidential, it is highlighted that the agreements consists of a one-time payment and on-going payments from RIM to Nokia. So, that's that.

Source: Nokia