Nokia today announced that it has signed a multi-year cross-licensing agreement with vivo. The Chinese company agreed to pay royalties to the Finns as well as recovery payments for the period of the dispute.
The agreement resolves all pending patent disputes between both parties. The terms between Nokia and vivo will remain confidential, as agreed between the two companies.
The agreement represents one of the final stages of the smartphone licensing renewal cycle for Nokia. It is expected to open its doors to the European market after the company was banned from selling its new phones due to the pending lawsuit.
This is the sixth major smartphone patent licensing agreement signed by Nokia in the last thirteen months, revealed Jenni Lukander, President of Nokia Technologies. The deal will provide long-term stability to the company’s licensing business “for years to come.”
vivo, for its part, said that the agreement reflects “mutual recognition and respect for the value of each other’s patents in cellular technology” and that the agreement will play a significant role in promoting a “positive development environment within the sector”.
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