Toronto, July 18 - BlackBerry maker Research In Motion Ltd (RIM) will pay $267.5 million to California-based Visto Corp to settle a patent infringement lawsuit.

Visto, which is a wireless e-mail company, had slapped the lawsuit on RIM in a Texas court for patent infringements in 2006.

In its lawsuit, the US company had said that RIM was using its technology without authorisation. Visto's software is used Vodafone, Deutsche Telekom AG's T-Mobile and Sprint Nextel Corp.

But RIM hit back, saying that Visto's patents involved no new inventions. It also filed its counterclaim, leading to a war of lawsuits between the two companies in the US, Canada and Europe.

But RIM and Visto reached an agreement Thursday, with the BlackBerry maker agreeing to pay $267.5 million to settle the case and use Visto's patents in the future.

'The key terms of the settlement involve RIM receiving a perpetual and fully-paid license on all Visto patents, a transfer of certain Visto intellectual property, a one-time payment by RIM of US $ 267.