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Patent Law

: Philip Brooks’ Patent Infringement Updates

Nokia and Qualcomm Enter Into a New Agreement

By Philip Brooks

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A reader tipped me off to the July 23, 2008 announcement of this settlement. The following is excerpted from a Nokia press release available at Fox Business:

Nokia (NYSE: NOK: 27.29, +0.59, +2.20%) and Qualcomm (Nasdaq: QCOM) today announced that they have entered into a new agreement covering various standards including GSM, EDGE, CDMA, WCDMA, HSDPA, OFDM, WiMax, LTE and other technologies. The agreement will result in settlement of all litigation between the companies, including the withdrawal by Nokia of its complaint to the European Commission.

Under the terms of the new 15 year agreement, Nokia has been granted a license under all Qualcomm's patents for use in Nokia's mobile devices and Nokia Siemens Networks infrastructure equipment. Further, Nokia has agreed not to use any of its patents directly against Qualcomm, enabling Qualcomm to integrate Nokia's technology into Qualcomm's chipsets. The financial structure of the settlement includes an up-front payment and on-going royalties payable to Qualcomm. Nokia has agreed to assign ownership of a number of patents to Qualcomm, including patents declared as essential to WCDMA, GSM and OFDMA. The specific terms are confidential.

Read the full press release here.

Full post as published by Philip Brooks’ Patent Infringement Updates on July 24, 2008 (boomark / email).