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Samsung, Nokia extend patent license agreement

2013-11-04 09:28:00| Telecompaper Headlines

(Telecompaper) Samsung has extended a patent license agreement between Nokia and Samsung for five years. The agreement would have expired at the end of 2013. Under the terms of the extended agreement, Samsung will pay additional compensation to Nokia for the period commencing from 1 January 2014 onwards, and the amount of such compensation shall be finally settled in a binding arbitration which is expected to be concluded during 2015.

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