RIM Settles Patent Dispute for $450 Million
Mar 17, 2005, 12:39 AM by (staff)
Research In Motion (RIM) today announced a settlement with NTP that resolves all current litigation between the two companies over BlackBerry push-email technology. RIM will pay NTP $450 million to settle all current claims of infringement for NTP's patents on push-email technology. The deal ends a 3 1/2-year legal battle that threatened to put RIM out of business, and made potential partners hesitant to join its BlackBerry Connect licensing program. The one-time payment to NTP will cover all past damage claims, and include a perpetual license to the patents going forward. The new license includes the right to sub-license the technology, meaning RIM can continue its BlackBerry Connect program to embed its email technology in other manufacturers' devices.
|That settles that.||muchdrama||
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