After years of court cases and infringement hearings, Apple and HTC have agreed to let matters drop in exchange for a 10 year sharing of patents. Lawyers across the world fear the downturn in patent dispute cases! But seriously, the joint agreement will end all of the he did, she did and let the two get back to their core businesses.
This does of course mean that Apple have to just compete with HTC in the US rather than focus on trying to keep them out of that market on legal grounds.
"The two companies, which have been locked in a series of bitter patent disputes over the last two years, agreed to a 10-year joint licensing agreement for all current and future patents from both companies, according to a brief statement issued this evening. Financial terms of the settlement were not released." - CNet.
This does of course mean that Apple have to just compete with HTC in the US rather than focus on trying to keep them out of that market on legal grounds.
"The two companies, which have been locked in a series of bitter patent disputes over the last two years, agreed to a 10-year joint licensing agreement for all current and future patents from both companies, according to a brief statement issued this evening. Financial terms of the settlement were not released." - CNet.
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