Nokia and RIM Enter into New Patent Licenses Agreement

While Apple and Samsung seem content to continue its legal war, Nokia and Research in Motion are ready to bury the hatchet.

The two companies have entered into a patent license agreement that will result in a settlement of all existing patent litigation between the two companies and a withdrawal of pending actions in the US, UK, and Canada.

The agreement put to rest two lawsuits against RIM, including a patent case in May that also included HTC and ViewSonic, and another near the end of November to enforce Arbitration.

The agreement results in a one-time payment and on-going payments from RIM to Nokia, the specifics of the agreement are confidential.

Now with the legal quarrels behind them, hopefully both companies will be able to focus on their product lines extending into 2013; as both companies are finding it increasingly difficult to compete with the larger Apple and Samsung.