HTC signs ‘patent and technology collaboration’ deal with Nokia
Taiwanese device maker HTC has revealed in a recent statement that it has signed a 'patent and technology collaboration' deal with Finland-based handset maker Nokia. The deal signed by HTC and Nokia marks the settlement of all the long-running patent-infringement lawsuits which the two companies are fighting against each other.
According to the details shared by HTC, the terms of the deal with Nokia require HTC to pay an undisclosed amount to Nokia. The collaborative agreement signed by the two companies will also be applicable to HTC's LTE patent portfolio to further strengthen Nokia's licensing offering.
Although HTC has refrained from revealing all the 'confidential' terms of the agreement with Nokia, it has nonetheless disclosed that both the companies will also explore technology collaboration opportunities for the future as well.
With Nokia having been claiming since 2012 that HTC had violated nearly 50 of its patents and engaged in unlawful use of proprietary innovations, Nokia's chief intellectual property officer Paul Melin said that the collaboration agreement between Nokia and HTC has validated Nokia's patents.
Acknowledging the fact that "Nokia has one of the most preeminent patent portfolios in the industry," HTC general counsel Grace Lei said: "As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers."
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