Apple And HTC Come To A 10 Year Licensing Agreement And Drop All Lawsuits
Apple has announced in a press release today that HTC and itself have reached an agreement that will end all current lawsuits between the two companies. Besides dropping all current lawsuits, both HTC and Apple have a ten-year licensing agreement in place.
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.
Peter Chou, CEO of HTC said “HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation.” Apple’s CEO Tim Cook was also pleased that both companies could come to terms and said “We are glad to have reached a settlement with HTC. We will continue to stay laser focused on product innovation.”
Apple’s patent dispute with HTC began in the March of 2010 where Apple filed a complaint against HTC stating it violated 10 of its patents. In the coming years both companies had little success in accomplishing any other serious product bans against each other and it is just as well they came to an agreement.
Unlike Steve Jobs who said he would go “thermonuclear” on Android, Cook stated himself that he is willing to put Android lawsuits behind Apple. Could this be another sign that Cook is less of a leader compared to Jobs? Or has Cook made the right decision to try and end this seemingly never ending legal battle?