Nokia has introduced a new patent cross-license agreement with Apple that replaces the prior deal reached in 2017. The association was set to run out later this 12 months.
“We are delighted to have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies,” Jenni Lukander, President of Nokia Technologies, stated in a press launch.
The agreement consists of 5G know-how patents and requires Apple to make funds to Nokia at some point of the agreement. Apple transferred $2 billion to Nokia in 2017 to settle its dispute with the patent holder.
The authorized dispute between Apple and Nokia was a serious storyline all through 2017.
At the time, Nokia had acquired Withings, the favored good well being accent makers. Apple eliminated Withings from its retail shops whereas litigation was ongoing. Once the settlement was reached, Withings merchandise returned to Apple Stores. Withings is now not owned by Nokia.
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…. to be continued
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