Apple and Samsung are withdrawing all law suits against each other, apart from cases in the US.
The two mobile giants have been suing each other over patent disputes in nine countries outside America, including UK, South Korea, Japan and Germany, said the BBC.
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Apple has been seeking damages of $2.2bn after accusing Samsung of infringing five patents, including the "slide to unlock" feature of iPhones. Apple is also calling for a ban on sales of several Samsung phones.
In the latest in a long string of court cases, a US court ordered Samsung to pay $119.6m to Apple for infringing two of its patents in the latest round of court battles between the two smartphone makers.
But the court in San Jose, California, also ruled that Apple infringed Samsung's patents and awarded $158,000 in damages.
The software company is suing the world's largest smartphone maker over breach of contract stemming from an IP sharing agreement in 2011, in which Samsung agreed to pay Microsoft royalties on Android phone sales.
At the time, Samsung agreed to support Microsoft Windows Phone OS.
But in a blog posted on Microsoft's website, Microsoft corporate vice-president David Howard wrote: "After becoming the leading player in the worldwide smartphone market, Samsung decided late last year to stop complying with its agreement with Microsoft.
"In September 2013, after Microsoft announced it was acquiring the Nokia Devices and Services business, Samsung began using the acquisition as an excuse to breach its contract."