Back in 2010, Apple filed legal charges against HTC Corp, alleging the latter of copying the features on the iPhone’s patented technology.

Last Saturday, both companies declared that they have brought an end to all major lawsuits regarding the global patent disputes between them, including the discharge of all current lawsuits and a ten-year authorized concurrence.

According to Peter Chou, CEO of HTC, “HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation.” Apple CEO Tim Cook said, “We are glad to have reached a settlement with HTC. We will continue to stay laser focused on product innovation.”

According to The Chicago Tribune, HTC Corp’s shares went up by their permitted daily limit on Monday after the Taiwanese smartphone maker and Apple Inc. announced a global patent settlement and 10-year licensing agreement. The shares were up 6.86 percent at T$241.50 in broader market that opened up 0.15 percent.”

Both companies did not announce the concept and condition of the new authorized deal including present and future patents held between the two companies, but one HTC spokeswoman told The Wall Street Journal that she was not expecting the concurrence will have an “adverse material impact” on HTC’s business.

Throughout Apple’s second-quarter profit in April, Cook said, “I’ve always hated litigation, and I continue to hate it. We just want people to invent their own stuff.”