Nokia has signed a five-year patent deal with Samsung as the rest of the tech world continues to be rocked by major intellectual property disputes.
The deal is an extension of an agreement that was due to run out at the end of 2013, and will see Samsung paying Nokia "additional compensation" for the use of its patents for a further five years.
Nokia's chief intellectual property officer Paul Melin said: "This extension and agreement to arbitrate represent a hallmark of constructive resolution of licensing disputes, and are expected to save significant transaction costs for both parties."
The agreement comes as Nokia prepares to sell off its Devices and Services business to Microsoft following a €5.44bn deal completed in September. However, Nokia held on to its valuable patent portfolio, instead allowing Microsoft to spend a further €1.65bn on a 10-year deal for intellectual property.
Last week, Nokia continued to prove the strength of its portfolio after it won a UK High Court case against HTC, which could see the firm's smartphone range – including its flagship One – banned from sale in the UK.
Meanwhile, the rest of the tech world continues to squabble over patent infringements, with Apple, Microsoft and BlackBerry joining forces to take action against Google, accusing it of abusing patents in its search and advertising keyword technology. The consortium, known as Rockstar, beat Google with a $4.5bn bid for the patents in 2011 and now claims the search giant "continues to infringe" with its current products.
Elsewhere, so-called "patent trolling" – whereby companies buy up patents with no intention of using them for products and instead licence them to other firms – has caused so many problems in recent years that US Congress has put forward a bill to prevent the spread of such practices.
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