Apple and HTC settle patent disputes

By: Unknown, November 14, 2012
Today Apple and HTC reached a settlement agreement for all patents as well as a 10 year license. The settlement is confidential so we don't know much about it, however some information could be leaked over the next week. Below is the message from Apple's press team on their website.

TAIPEI, Taiwan and CUPERTINO, California—November 10, 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.”

It's great to see companies finally focusing on manufacturing phones rather than fighting over patents. We hope more companies enter into an agreement too.

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