Samsung and Nokia's Patent licensing deal agreement

photo opopododo

Nokia and Samsung agreed to extend license patent for 5 more years.

According to Bloomberg, Samsung agreed to pay compensation starting Jan 1^st to Nokia, the previous agreement will be closed at the end of this year.

“This extension and agreement to arbitrate represent a hallmark of constructive resolution of licensing disputes, and are expected to save significant transaction costs for both parties,” Paul Melin, Nokia’s chief intellectual property officer, said in the statement., the article added.

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