Nokia and Oppo Sign Patent Cross-License Agreement
Nokia and Oppo have recently announced a significant multi-year patent cross-license agreement, effectively resolving all ongoing patent disputes between the two companies. The specific terms of the agreement have not been disclosed to the public.
A Collaboration Built on Mutual Respect
Jenni Lukander, President of Nokia Technologies, expressed her excitement about the collaboration, emphasizing the mutual respect for each other's intellectual property. She also highlighted Nokia's contributions to research and development (R&D) and open standards. This agreement is expected to bring long-term financial stability to Nokia's licensing business.
Feng Ying, Oppo's Chief Intellectual Property Officer, echoed the sentiment, emphasizing the agreement as a foundation for future collaboration. Oppo, a prominent player in the global smartphone market, has consistently advocated for reasonable royalty fees and a constructive approach to resolving intellectual property disputes.
Royalty Payments and Catch-Up Payments
As part of the agreement, Oppo will make royalty payments to Nokia. This includes catch-up payments for periods of non-payment during the dispute resolution. The exact details of the royalty payments and catch-up payments have not been disclosed.
The agreement between Nokia and Oppo marks a significant step towards establishing a mutually beneficial relationship between the two companies. By resolving their patent disputes, they can now focus on future collaborations and innovation in the smartphone industry.
Conclusion
Nokia and Oppo have put an end to their ongoing patent disputes through a multi-year patent cross-license agreement. With royalty payments and catch-up payments included, this agreement paves the way for future collaboration between the two companies. Both Nokia and Oppo emphasize the importance of mutual respect for intellectual property and a constructive approach to resolving disputes. This agreement is expected to bring long-term financial stability to Nokia's licensing business and further strengthen Oppo's position in the global smartphone market.
