HTC and Apple settle lawsuits with new licensing agreement

HTCHTC and Apple yesterday announced that they have agreed to dismiss all current lawsuits and enter into a new licensing agreement. It will span 10 years and extend to current and future patents held by both parties.

“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.”

Speaking to The Verge, HTC spokesperson representative Jeff Gordon added that the new agreement will not “have any adverse material impact on the financials of the company.” The specific terms of the settlement will remain confidential.

Apple first filed an ITC complaint against HTC back in March 2010. It added a number of additional ones in 2011 and 2012.

Read more: HTC and The Verge