Motorola and RIM have officially kissed and made up.
After being caught up in a patent lawsuit battle for several years, the two companies have finally reached an agreement that settles all of their worldwide disputes. In a news release, the companies said the two have reached a cross-licensing agreement for "various patent rights, including 2, 3G, 4G, 802.11 and wireless email."
As part of the agreement, RIM will make an upfront payment and ongoing royalties to Motorola, Other terms of the deal were not disclosed. In its regulatory filing, RIM said it does not expect the agreement to impact its first quarter 2011 operating results or to have a material impact on future operating results.
The litigation between the two included cases in the UK, a dispute over imports that was filed with the U.S. International Trade Commission and other lawsuits in federal court in Texas, according to a Bloomberg report.