BlackBerry agrees to pay Nokia $137 million in contract dispute

BlackBerry aforementioned Fri that it's united to pay Nokia $137 million to settle a contract dispute associated with patent licenses.


The settlement stems from an invitation for arbitration that Nokia filed in April 2016 with the International Chamber of Commerce International Court of Arbitration.

The dispute failed to involve any allegations of science infringement and BlackBerry aforementioned it might still pursue further infringement claims against Nokia. however, Nokia maintains that BlackBerry's claims of infringement ar while not advantage.

"BlackBerry is foiled that the Court of Arbitration failed to trust our arguments within the case however we tend to settle for their call," BlackBerry aforementioned during a statement. "This ruling doesn't amendment BlackBerry's assertion that Nokia is infringing on our material possession and that we ar continued to smartly pursue legal remedies in each the U.S. and Germany."

BlackBerry aforementioned it'll record the number of the award as a one-time GAAP-only charge.

Earlier this year BlackBerry found itself on the receiving finish of AN arbitration ruling associated with a contract dispute with Qualcomm.

The two firms had united to intermediate a contract dispute over whether or not Qualcomm's royalty cap program applied to payments created by BlackBerry underneath a licensing deal. The arbiter determined that BlackBerry had so overpaid royalty fees between 2010 and 2015, and BlackBerry was awarded a settlement of $940 million.

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