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Two of the world's largest
technology companies, Nokia and Apple, have agreed a deal ending a
legal dispute over intellectual property rights. The arch rivals, in
effect, accused each other of stealing important smart phone
technologies.
Two years ago Nokia went to court in the US claiming Apple had infringed its patents in areas like touch screen technology, caller ID and wi-fi. Apple then counter sued.
This settlement ends all outstanding litigation.
It appears to be a victory for Nokia as Apple has agreed to pay a lump sum and continuing royalty payments. The amounts have not been disclosed.
But the
legal deal is unlikely to change anything in the market place where Nokia smart phones are struggling in face of competition from the Apple iPhone and handsets powered by Google software.
In a carefully worded statement, Apple acknowledges reaching a licensing deal with Nokia but claims it does not cover the majority of innovations that in its words make the iPhone unique.
Decoded that means Apple denies stealing the technologies
that made the iPhone a success.
infringed its patents
used its legally recognised technology without permission
counter sued
took legal action against someone who had taken legal action against them
outstanding litigation
legal disputes which are not yet settled
a lump sum
a large amount of money paid at one time
royalty payments
money paid to use another company's ideas or technology
disclosed
made public
struggling in face of
finding it difficult to be successful because of
a carefully worded statement
an announcement expressed in a way that does make them sound guilty