Monday, November 12, 2012

Apple and HTC settle patent disputes

While Apple's war of patents against rival and also hardware provider Samsung seem never ending, Apple has amicably settled down its patent disputes with HTC.

Photo: News Tonight
The two companies, which have been locked in a series of bitter patent disputes over the last two years, agreed to a 10-year joint licensing agreement for all current and future patents from both companies, according to a brief statement issued this evening. Financial terms of the settlement were not released.
The chief executives of both companies issued statements welcoming the settlement.
"We are glad to have reached a settlement with HTC," Apple CEO Tim Cook said in a statement, while HTC CEO Peter Chou said, "HTC is pleased to have resolved its dispute with Apple."
It may be added that recently a UK court ordered Apple to pay the complete legal expenses to Samsung on a lawsuit filed by Apple.
Read more about it at: C|net


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