Here’s a bit of good news to round out your weekend: HTC and Apple today announced that both companies have settled their patent dispute. Instead of arguing over which company owns which things - and subsequently using energy on fighting versus innovating – they will be entering a 10-year license agreement.

The CEOs of Apple and HTC each had their respective statements based on the deal.

“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.

“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.”

The exact terms of the settlement are being kept confidential for now, but the fact remains that Apple and HTC are going to be sharing each other’s technological advancements in order to continue producing quality products for their customers.

I can’t help but wonder if this has anything to do with Scott Forstall’s recent departure from Apple. Since it has been widely reported that he was very stubborn and unwilling to make changes for the betterment of iOS, it seems reasonable to think that HTC and Apple were only able to make an agreement now that Forstall, a known hothead, is gone.

[Apple | HTC]