The specifics of the agreement were not disclosed, but it includes a one-time payment and ongoing payments, all from RIM to Nokia.
"We are very pleased to have resolved our patent licensing issues with RIM and reached this new agreement, while maintaining Nokia's ability to protect our unique product differentiation," said Paul Melin, chief intellectual property officer at Nokia.
Nokia's patent dispute with RIM has been going on since May 2012, when the company launched a patent lawsuit against HTC, RIM and Viewsonic. The company recently threatened to ask for a ban of RIM products if this matter is not resolved, and RIM probably assessed it has little chance of winning in court.
Nokia had a similar agreement with Apple in 2011, also with Apple making a one-time payment and ongoing payments to the Finnish company.