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In February 2008, Motorola and Research In Motion filed a pair of call-and-response lawsuits, each accusing the other of violating an assortment of patents and/or demanding exorbitant royalties on others essential to their respective businesses. Today, they announced a new cross-licensing agreement that resolves those suits.
In a joint press release issued this morning, the two companies said RIM (RIMM) had agreed to pay Motorola (MOT) an undisclosed sum as well as continuing royalties as part of a deal that will end patent litigation between them.
Financial terms weren’t disclosed, but given the concessions made by RIM–an upfront payment and ongoing payment of royalites–it would seem Motorola had the upper hand in this spat.
