Google signs landmark patent agreement with Cisco to help fight unnecessary lawsuits
Under this new deal, the two companies will have access to each other’s patents for certain products, and while direct perusal is unlikely, there will be widened collaboration.
“The agreement allows each company to extract significant value from its patent portfolio through a license to the other's portfolio and by helping to reduce the risk of future litigation,” Cisco’s Intellectual Property VP Dan Lang said. “In today's overly-litigious environment, cross-licensing is an effective way for technology companies to work together and help prevent unnecessary patent lawsuits.”
“We’re pleased to enter into this cross-license, and we welcome discussions with any company interested in a similar arrangement,” Google’s Deputy General Counsel for Patents Allen Lo said.
Companies like Google and Apple are undergoing huge intellectual property battles with many different companies, with most of those legal battles being about smartphone patents.
source: Cisco via Reuters