Samsung and Nokia have agreed
to extend their patent agreement for another 5 years, granting the
Korean tech giant access to Nokia phone patents until 2019. Samsung will
pay additional compensation for patent use for the period starting
January 1, 2014 (which is when the previous agreement was scheduled to
end).
The exact amount of compensation is expected to be settled in a separate binding arbitration scheduled for 2015. Nokia expects the arbitration to save significant transaction costs related to licensing disputes between the two companies.
The patent extension sheds some light on Nokia's plans after the Microsoft acquisition, namely that the company will continue to make money on smartphones by "actively managing its patent portfolio and licensing activities," which are not part of the Microsoft deal.
Source
The exact amount of compensation is expected to be settled in a separate binding arbitration scheduled for 2015. Nokia expects the arbitration to save significant transaction costs related to licensing disputes between the two companies.
The patent extension sheds some light on Nokia's plans after the Microsoft acquisition, namely that the company will continue to make money on smartphones by "actively managing its patent portfolio and licensing activities," which are not part of the Microsoft deal.
Source
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