Last month, global tech giants Apple and Nokia announced that they had settled all litigation involving their lengthy intellectual property dispute, and that they had agreed to ink a new multi-year patent license.
Back in December 2016, Nokia filed a lawsuit against Apple in the United States, alleging that the company had infringed on several existing patents when developing technology for the iPhone, specifically mobile device displays and user interfaces. However, this was not the first time that the companies had discussed patents.
Apple previously licensed Nokia patents back in 2011, before turning down Nokia’s licensing offers in subsequent years. Despite this, Nokia alleged that many Apple products continued to use Nokia’s patented inventions.
Under the terms of the settlement, Nokia will receive a chunk of cash from Apple, in additional to any revenue from the new patent license. In announcing the settlement, both companies affirmed their commitment to the renewed partnership, citing increased benefit to customers in the United States and abroad.
Litigating Complex Business Matters
In the business world, it is not uncommon for disputes to arise. In fact, some of the most common disputes involve everyday facets of business, such as:
- Business negotiations
- Business dissolutions
- Employment agreements
- Employment agreement enforcement
While some of these issues are straightforward and easy to address, many are much more complex, especially those involving Limited Liability Companies (LLC), Limited Liability Partnerships (LLP), corporations, partnerships, trusts, agencies, and/or franchises.
How Do Business Disputes Occur?
While the structure of business entities may vary, most business partnerships are fundamentally similar – one individual creates the idea or concept, while the other provides any necessary financial collateral.
Unfortunately, many business relationships eventually reach a point where they sour. For example, a partner providing the financing might become comfortable with managing all facets of the business without the other party, and elects to cut the other out. When this occurs, it creates a far from amicable situation that might lead to a legal dispute, depending on the existing partnership agreement.
When it reaches that point, it is always wise to consult with an attorney specializing in commercial law.
Are you or someone you know currently dealing with a business dispute? If so, you should not delay in contacting a qualified attorney, especially if your situation requires litigation to reach a resolution.
Business Litigation Lawyers in Oklahoma
For those residing in Norman, Oklahoma, the attorneys at Rick Dane Moore & Associates Law Firm, P.L.L.C. have the experience you need when dealing with complex business issues.
Our firm has helped clients with a wide variety of business litigation matters, including contracts, patents, and partnerships, and has the skills and legal acumen necessary to navigate your case to a successful end result. If necessary, our attorneys are prepared to litigate your case in a court setting.
To explore your legal options with one of our business litigation attorneys, we invite you to contact Rick Dane Moore & Associates Law Firm, P.L.L.C. today at (405) 366-0373.