BlackBerry Ltd. will pay $137 million to Nokia Corp. to settle a patent payment dispute, following a decision from the International Chamber of Commerce's International Court of Arbitration.

The court ruled that BlackBerry failed to make certain payments to Nokia under a patent license contract between the two companies, the Canadian smartphone company said in a statement.

BlackBerry said it accepts the court ruling but noted that it will still pursue cases against the Finnish tech giant in Germany and the U.S. over patent infringement claims.

Meanwhile, Nokia said it was pleased with the decision. It added that BlackBerry's patent infringement claims are "without merit."

In February, BlackBerry filed a lawsuit with a U.S. federal court in Delaware over claims that up to 11 of its patented technologies were being used by Nokia for its products, including the Flexi Multiradio base stations and radio network controllers.