Settlement Between Motorola and Research in Motion

Motorola and Research in Motion announced on Friday that a settlement has been reached that will end all pending litigation between them.

According to a statement made today, this long-term pact will involve standards such as 2G, 3G, 4G and 802.11, as well as wireless email while both companies have also agreed to hand over certain patents.

The patents in question apparently relate to areas including WiFi access, power management and user interface technology.

Not only this but the statement also suggests that Motorola are to receive an undisclosed payment and ongoing royalties. No specific details however were given.

The pact is said to be settling the patent-infringement complaint which Motorola had filed against RIM earlier this year along with other "legal entanglements".

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