Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Research In Motion and NTP Settle to End Litigation
Posted on 4-Mar-2006 18:05 | Tags Filed under: News


Research In Motion and NTP Settle to End Litigation
Research In Motion Limited and NTP, Inc. have signed a definitive licensing and settlement agreement. 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, meaning that RIM is free to continue providing its BlackBerry service to USA-based clients.

RIM has paid NTP US$612.5 million in full and final settlement of all claims against RIM, as well as for a perpetual, fully-paid up license. This amount includes money already escrowed by RIM to date.

The licensing and settlement agreement relates to all patents owned and controlled by NTP and covers all of RIM's products, services and technologies. NTP grants RIM an unfettered right to continue its business, including its BlackBerry related business.

The resolution permits RIM and its partners to sell RIM products and services completely free and clear of any claim by NTP, including any claims that NTP may have against wireless carriers, channel partners, suppliers or customers in relation to RIM products or services, (including BlackBerry Connect and Built-In technology), or in relation to third party products and services.

According to RIM, as of 26 November 2005, the company's total of cash, cash equivalents, short-term, long-term investments and escrow funds was approximately US$1.8 billion.








comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Tipping? Please no!
Created by BlueShift, last reply by Wiggum on 25-May-2017 22:12 (97 replies)
Pages... 5 6 7


Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by gzt on 26-May-2017 01:01 (118 replies)
Pages... 6 7 8


Father banned from watching daughter's netball game: what you think of this?
Created by Rikkitic, last reply by frankv on 25-May-2017 16:29 (136 replies)
Pages... 8 9 10


Tailgaters?
Created by Linuxluver, last reply by reg52nz on 25-May-2017 16:29 (113 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by kingdragonfly on 23-May-2017 07:44 (4357 replies)
Pages... 289 290 291


Variable speeds on Fibre Max
Created by kapitikarl, last reply by pandazzz on 25-May-2017 21:03 (38 replies)
Pages... 2 3


PBtech 24 year sale - credit where its due
Created by TeaLeaf, last reply by rb99 on 25-May-2017 21:46 (16 replies)
Pages... 2


Post your Linux Desktop screenshot
Created by MikeB4, last reply by timmmay on 25-May-2017 20:57 (16 replies)
Pages... 2