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IAM is a unique and timely intelligence service that treats IP as a business asset and tool rather than simply as a legal right, informing boardrooms worldwide.
Oppo Guangdong, along with Oppo Mobile Telecommunications, Oppo Mobiles India, Realme Mobile Telecommunications (India), and OnePlus Technology and others had earlier appealed to the Supreme Court that the HC judgement altered the level playing field, causing further hardship to them, as it overlooked the fact that Nokias interest was secured by its bank guarantees.
The HC had asked Oppo to deposit 23 per cent of the amount paid under its 2018 License Agreement towards "royalty" for alleged infringement of Nokia's three standard essential patents in cellular technology.
The Supreme Court on Friday refused to interfere with the Delhi High Courts judgment that had asked the Chinese manufacturer to deposit 23 per cent of the amount paid under its 2018 License Agreement towards "royalty" for alleged infringement of Nokia's three standard essential patents in cellular technology.
“We welcome the Supreme Court decision. Oppo has been unwilling to renew its license on fair and reasonable terms or resolve the matter amicably and has used our technology without making any royalty payments for two years,” said a spokesperson for Nokia Technologies.