Research In Motion has reached an agreement with Intellectual Ventures that will provide the Canadian BlackBerry manufacturer with access to the company’s library of over 30,000 patents. With other technology giants engaged in a seemingly endless loop of lawsuits , RIM is hoping to provide itself legal cover for future smartphone innovations by purchasing the rights to this war chest of intellectual property.
“Intellectual Ventures offers an efficient way to access the invention rights companies need to stay competitive within the market,” said Mario Obeidat, Intellectual Ventures’ head of telecom licensing. The patent holding company was founded by former Microsoft CTO, Nathan Myhrvoid, in 2000, and boasts both Samsung and HTC as its other high-profile, mobile clients. Financial terms of the deal were not disclosed.
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