Motorola and Research In Motion have settled their patent dispute over wireless technologies, the companies said Friday.
Under the settlement, both companies will set up a cross-licensing agreement in which they will receive patent rights related to certain key technologies and industry standards, including 2G, 3G, 4G, 802.11, and wireless e-mail. The two will also transfer certain patents directly to each other.
Additionally, RIM has promised to provide an upfront payment and ongoing royalties to Motorola. Further details were not disclosed, but the companies confirmed that the agreement puts an end to all litigation between them.
Read More/Source: C|Net