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Nokia and Kyocera Resolve Intellectual Property Dispute

5:00 am on January 12, 2006 | Category: Business, Mobile Devices

Kyocera and Nokia have come to a compromise out-of-court settlement over their recent intellectual property dispute, and cancelled the pending two-way litigation between them.

The companies agreed to cross-license technology back and forth, and Kyocera will pay a royalty to Nokia covering the technology used in certain handsets. Financial details about the royalty, and other financial exchanges were not given.

This settlement ends an almost two-year-old dispute between the two companies, which became public knowledge in October 2004. Since then, each company has accumulated a host of grievances and complaints against the other, but they finally seem to have realized that a major court battle would just damage both of them, and ultimately achieve very little for either party.

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