Joel West wrote an interesting post today on
Here’s a quick excerpt
OK, so I guessed right — in this case no great accomplishment. As Qualcomm CEO Paul Jacobs said Wednesday:
Regarding Nokia, there is really nothing new to discuss. As you know, we commenced arbitration a few weeks ago to resolve certain issues under our existing agreement.
Qualcomm’s CFO Bill Keitel made it clear:
David Wong - A.G. Edwards. Thank you very much. On the subject of the arbitration you have with Nokia. Is this mutually agreed to binding arbitration or not?
Bill Keitel. Yes, it is. It’s an arbitration relating to the existing agreement and that agreement specifies that any disputes about the agreement have to be arbitrated in a particular place under the rules of the American Arbitration Association.
In other words, the Nokia-Qualcomm agreement has one of the very standard arbitration clauses. Here is one that we used to use in our contracts:
Any, dispute, controversy or claim arising out of or related to […]
Read the rest of this great post here