Daimler and Nokia Sign Patent Licensing Agreement
Daimler and Nokia have signed a patent licensing agreement. Under the agreement, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return.
The parties have agreed to settle all pending litigation between Daimler and Nokia, including the complaint by Daimler against Nokia to the European Commission. The terms of the agreement remain confidential as agreed between the parties.
The agreement brings to an end an increasingly fraught disagreement between the two related to access to a range of connectivity technologies by Daimler for connected car applications. Nokia previously claimed Daimler had sought to avoid paying licensing fees despite already using its protected technologies.