Apple and HTC reach final patent settlement

Handset makers Apple and HTC have been involved in a worldwide patent dispute for the past two years, but it looks as though that fight has finally come to an end. The two companies agreed to a big deal that included the dismissal of all current lawsuits. A joint statement was issued by Apple and HTC that discussed the final agreement.

“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.”

In addition to all patent disputes being dropped, all patents owned by the two companies will be cross-licensed for ten years. With both companies holding such large portfolios, this could be huge for both of them. With the threat of possible litigation hanging over the two companies, it is no doubt a big relief that they no longer have to worry about it.

Apple still has many companies to resolve disputes with, particularly Samsung, but its great news to see such a huge, non-damaging step forward in Apple’s position.

Source : http://www.jailbreaknation.com/apple-and-htc-reach-final-patent-settlement