It looks as though Nokia and Apple have finally come to an agreement over the lawsuit they have been involved in since late 2009, with Apple agreeing to pay licensing fees for key Nokia patents. Originally, Nokia claimed that Apple had infringed on almost two dozen of their patents for mobile technologies. Apple argued that Nokia was demanding "unfair" licensing fees and didn't want to pay more than other companies licensing the same technology, then counter sued for UI and computer-related patents. Complaints flew back and forth, and now the end result of the lawsuit was that Apple has to pay Nokia a lump some of of cash on top of royalties for the term of the agreement with Nokia.

The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement. The specific terms of the contract are confidential.

"We are very pleased to have Apple join the growing number of Nokia licensees," said Stephen Elop, president and chief executive officer of Nokia. "This settlement demonstrates Nokia's industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market."

Apple having to pay Nokia was never really in question. The argument was over how much. Nokia's patents were in a pool that was supposed to be freely and fairly licensed to everyone. Apple felt Nokia was violating the letter and spirit of that by asking more of Apple. Whether or not Apple eventually got the same terms as other licensees, or whether they did have to pay up more, is still a question.

Apple also remains in litigation with the three top Android makers, HTC, Samsung, and Motorola. For now, Nokia is no longer in litigation with anyone.

UPDATE: Apple has issued a statement to the New York Times [NYT]:

[Nokia via FossPatents]