Research In Motion settles case
6 March 2006 09:00AM
Tags:
rim | blackberry | ntp
BlackBerry users can now breathe a sigh of relief. Research In Motion (RIM) has signed a definitive licensing and settlement agreement.
BlackBerry users can now breathe a sigh of relief. Research In Motion (RIM) has signed a definitive licensing and settlement agreement.
RIM has paid NTP $US612.5 million in full and final settlement of all claims against RIM, as well as for a perpetual, fully-paid-up license. This amount includes money already escrowed by RIM to date.
All terms of the agreement have been finalised and the litigation against RIM has been dismissed by a court order. The agreement eliminates the need for any further court proceedings or decisions relating to damages or injunctive relief.
The licensing and settlement agreement relates to all patents owned and controlled by NTP and covers all of RIM's products, services and technologies. NTP grants RIM an unfettered right to continue its business, including its BlackBerry related business.
RIM and its partners will be able to sell RIM products and services completely free and clear of any claim by NTP.
This includes any claims that NTP may have against wireless carriers, channel partners, suppliers or customers in relation to RIM products or services, (including BlackBerry Connect and Built-In technology), or in relation to third party products and services, to the extent they are used in connection with RIM products and services.