I think we can all agree the endless patent lawsuits aren’t good for consumers. Well, hopefully Apple and HTC have seen this light, as they confirmed they’ve settled their patent disputes and have entered a 10-year licensing deal to avoid more lawsuits. The CEOs of both companies made statements that they are pleased to have reached an agreement and are ready to continue innovation, not litigation.
Apple has certainly abused the patent system lately, but this is a step in the right direction. No amount of patents and lawsuits are going to force consumers to buy your products, and I’m sure Apple knows that. Now we should all just hope for this kind of agreement to happen with some other Android OEMs as well. Hit the press release after the break for more about the licensing deal.
Posted Nov 11, 2012
HTC AND APPLE SETTLE PATENT DISPUTE. All Patent Litigation Between The Companies Dismissed
1.Date of occurrence of the event:2012/11/11
2.Company name:HTC Corporation
3.Relationship to the Company (please enter “head office” or
“affiliate company”):Head Office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:HTC and Apple have reached a global settlement
that includes the dismissal of all current lawsuits and a ten-year
license agreement. The license extends to current and future patents
held by both parties. The terms of the settlement are confidential.
7.Any other matters that need to be specified:There is no material
adverse impact on the financials of the Company.
HTC AND APPLE SETTLE PATENT DISPUTE
All Patent Litigation Between The Companies Dismissed
TAIPEI and CUPERTINO, California – November 11, 2012 – HTC and Apple have reached a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement. The license extends to current and future patents held by both parties. The terms of the settlement are confidential.
“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.
“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.”