Nokia and its American rival Apple settled all litigation related to their intellectual property disputes, the Finnish information technology company said on Tuesday.

Nokia signed a patent license and a business cooperation agreement with Apple, Nokia said in a press release.

Nokia said it would receive an up-front cash payment from Apple with additional revenues during the term of the agreement. However, the details of the agreement remain confidential.

Under the business collaboration agreement, Nokia will provide network infrastructure products and services to Apple, and the Cupertino-based tech giant will sell Nokia digital health products (formerly under the Withings brand) in its retail and online stores.

An Apple iPhone and a Withings-branded security camera. /CFP Photo

The two firms are also seeking future collaboration in the field of digital health. Top executives of Nokia and Apple will meet regularly to "ensure that the relationship works effectively and to the benefit of both parties and their customers."

Maria Varsellona, Chief Legal Officer at Nokia, described the agreement as meaningful between the two companies. "It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers," she said.

In December 2016, Nokia filed a number of lawsuits against Apple, alleging that it had violated 32 of its patents. As a result of the legal disputes, Apple pulled all health accessories under the brand of Withings, owned by Nokia following a purchase in April 2016, from its retail sales outlets.

(Source: Xinhua)