HTC and Apple settle all patent issues, enter 10-year licensing deal
HTC and Apple settle all patent issues, enter 10-year licensing deal
HTC and Apple have just confirmed that they've settled all of their ongoing patent disputes, ending all of their lawsuits and opting into a 10-year licensing agreement. To refresh your memory, this particular saga begin back on March 2nd, 2010, when Apple filed lawsuits with the International Trade Commission and US District Court. That initial filing covered 20 patents related to iOS, which it accused HTC of infringing upon, and since then it has only been an ever-expanding battle. Essentially all the juicy details of the settlement between the companies are completely under wraps, but both HTC's CEO, Peter Chou and Apple's man-in-charge, Tim Cook have issued brief words for the official joint statement (t he whole of which can be seen after the break):
"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," said Peter Chou, CEO of HTC.
"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.
Notably, this settlement applies to all past and future patents for the companies, meaning we shouldn't be witnessing the two fight it out in court for years to come -- at least on the patent front. Hopefully we'll soon begin to see more of the same with other ongoing patent wars -- Apple vs. Samsung, anyone?
Show full PR text Posted Nov 11, 2012
HTC AND APPLE SETTLE PATENT DISPUTE. All Patent Litigation Between The Companies Dismissed
1.Date of occurrence of the event:2012/11/11
2.Company name:HTC Corporation
3.Relationship to the Company (please enter "head office" or
"affiliate company"):Head Office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence: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.
6.Countermeasures:None
7.Any other matters that need to be specified:There is no material
adverse impact on the financials of the Company.
HTC AND APPLE SETTLE PATENT DISPUTE
All Patent Litigation Between The Companies Dismissed
TAIPEI and CUPERTINO, California - November 11, 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.
"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," said Peter Chou, CEO of HTC.
"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."
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