Nokia To Receive Major Payout From BlackBerry In Contract Dispute
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Contract Disputes on Monday, December 11, 2017.
California readers who regularly follow headline business news may be aware that smartphone moguls BlackBerry and Nokia have had an acrimonious relationship for quite some time. In a recent contract dispute, BlackBerry apparently got tired of fighting and has agreed to fork out a substantial sum of money to Nokia. The contentious situation unfolded last year when the two companies disagreed about a patent licensing contract.
BlackBerry says it is not happy at all with the International Court of Arbitration's decision in the contract dispute. The company also says, however, that it is throwing in the towel and will abide by the court's ruling. Part of the ruling mandates BlackBerry to pay Nokia $137 million.
BlackBerry says this agreed upon payment is a separate issue from another legal problem it is currently facing with Nokia. The company plans to continue to pursue legal action against the Finnish corporation because of alleged infringement of its intellectual property. BlackBerry says it is aggressively pursuing the matter in the United States and abroad.
Any California business owner currently facing issues regarding any contractual arrangement may want to align himself or herself with an experienced business and commercial law attorney before heading to court over a contract dispute. This particular area of law is often highly complex. Achieving one's legal goals in as timely and economically feasible a manner as possible often hinges on the type of legal representation one secures in the process. An experienced attorney is well-versed in state and federal business laws and can help to overcome any obstacles that arise in court.