Apple and Nokia Settle Patent Dispute and Sign License Agreement

Apple and Nokia have just reached a settlement to a five-month legal dispute over patent licensing practices. The dispute practically ended when Apple agreed to sign a multi-year license on intellectual property from Nokia.

Therefore, Apple will be required to pay patent royalties for the next few years, starting with a cash payment that should take effect in the second quarter of 2017, which ends this month. Obviously, financial details about the agreement were kept confidential.

The agreement reportedly extends beyond intellectual property, as Nokia will provide Apple with network infrastructure products and services. Apple will be required to restart selling health devices under the Withings brand, which were removed from shelves when the patent dispute started back in December. In addition, it seems that the two companies are exploring partnerships in the field of digital health products, according to <a href="http://appleinsider.com/articles/17/05/23/apple-an… (read more)

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