Nokia and Samsung Extend Patent Agreement

[cdmagurus.com]

Nokia today said that Samsung has agreed to license some of its phone-related patents for another five years. Samsung will begin to make royalty payments to Nokia beginning in 2014. Nokia didn't say which patents are being licensed by Samsung. Patent licensing has become a contentious issue over the last few years as mobile device makers seek to drive profits from their patents and the resulting products. Many companies resort to filing lawsuits to force settlements. Nokia is in the process of selling its handset division to Microsoft, but it will retain ownership of its patents.


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