Nokia and HTC sign a patent collaboration agreement

Nokia and HTC ended their prolonged legal war with a patent and technology collaboration agreement. The partnership ends all pending patent litigation between the two companies. Its full terms are confidential.

According to the official press release, HTC will make payments to Nokia, but the exact amounts haven't been disclosed. The Finnish company on the other hand will gain access to HTC’s LTE patent portfolio, thus further expanding its own expertise. Furthermore, the companies will look into future technology collaboration opportunities.

Unsurprisingly, representatives from both Nokia and HTC are pleased with the agreement. By staying out of court and sharing patents, both companies will be able to focus on making products which can better compete in today’s crowded marketplace.

Source

}