Apple and HTC reach global patent dispute settlement, agree to ten-year licensing agreement

Apple and HTC have announced that the two companies have reached a global settlement regarding the two firm’s multiple patent infringement lawsuits. The agreement is on a global-scale and includes a ten-year licensing agreement. All current lawsuits have been dismissed.

TAIPEI, Taiwan and CUPERTINO, California—November 10, 2012—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.

“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.” Peter Chou, HTC’s CEO, said “HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation.”

[Source: 9to5Mac - Click here to read the full story]