Nokia has officially inked a new patent cross-license agreement with Honor, encompassing essential inventions related to 5G and various cellular technologies from both entities. While the specific terms of this agreement remain confidential, the announcement highlights a significant step in fostering collaboration between the two tech giants.
Susanna Martikainen, Chief Licensing Officer Mobile Devices at Nokia said: “We are delighted to have concluded an amicable patent cross-license agreement with Honor, one of the leading players in the Chinese smartphone market. It is the fourth major litigation-free smartphone agreement that Nokia has concluded over the past twelve months and highlights once again the strength of Nokia’s patent portfolio and decades-long contributions to cellular standards and other technologies.”
This recent agreement marks the fourth major litigation-free smartphone deal Nokia has concluded in the past twelve months. It underscores the strength of Nokia’s patent portfolio and the company’s extensive contributions to cellular standards and other groundbreaking technologies.
Wenyu Zhou, Head of Global Intellectual Property at Honor said: “As both 5G SEP holder and implementor, Honor highly respects IP rights and strongly believes that reasonable value of IP is important to the development of mobile industry. The conclusion of the patent cross-license agreement shows Honor’s commitment on innovation to enabling a smart life across all scenarios and all channels, for all people.”
Nokia’s approach involves contributing its inventions to open standards, allowing companies to license and use these technologies without the need for substantial investments in the standards. This approach fosters innovation and encourages the development of new products and services for consumers, aligning with fair, reasonable, and non-discriminatory (FRAND) terms.
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