Apple and HTC have settled all of their patent disputes. Both companies have withdrawn all of their complaints. The companies have entered into a 10-year cross licensing agreement.
HTC and Apple Settle Patent Dispute
All Patent Litigation Between The Companies Dismissed
TAIPEI, Taiwan and CUPERTINO, Calif., Nov. 10, 2012 /PRNewswire/ — HTC and Apple have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement. The license extends to current and future patents held by both parties. The terms of the settlement are confidential.
“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.
“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. ”We will continue to stay laser focused on product innovation.”
Great news for the companies, great news for consumers.
Source: All Things D
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