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| BlackBerry patent lawsuit settled as RIM agree to pay NTP $612 million |
| Sunday, March 05, 2006 at 12:51 by Rich Kavanagh |
NTP Incorporated and Research In Motion (RIM) announced on Friday that both parties have entered into a settlement agreement and a license which will end the patent litigation currently pending in the United States District Court for the Eastern District of Virginia.
All terms of the agreement have been finalized and the litigation against RIM has been dismissed by a court order this afternoon. The agreement eliminates the need for any further court proceedings or decisions relating to damages or injunctive relief.
Under the terms of the settlement, RIM will make a one-time payment to NTP of $612.5 million. In return, NTP has granted RIM a license which will enable RIM to continue its BlackBerry-related wireless business.
Donald E. Stout, NTP's co-founder, said,
"We are pleased to have reached an amicable settlement with RIM. We believe that the settlement is in the best interests of all parties, including the US Government and all other BlackBerry users in the United States. We remain grateful to the U.S. District Court for the Eastern District of Virginia for its time and consideration. NTP is pleased that the issue has been resolved and looks forward to enhancing its businesses."
All of RIM's past and future products, services and technologies will be covered as well as all RIM customers and providers of RIM products and services, including wireless carriers, distributors, suppliers and partners. RIM will have the right to grant sublicenses under the NTP patents to anyone for products or services that interface, interact or combine with RIM's products, services or infrastructure.
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| Microsoft must be gutted that the BlackBerry network wasn't shut down in the USA! |
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