Samsung and Cisco sign cross-licencse patent deal
Samsung and Cisco have inked a deal which should lead to more innovation across multiple fronts over the next decade or longer. Like the agreement between Google and Cisco from this week, the two companies will benefit by licensing patents from the other party. This works for existing stuff as well as those patented in the next 10 years. As to what falls under the umbrella remains to be seen; it covers a “broad range of products and technologies”. Our gut tells us this likely centers around the connected home and networking in general.
“Innovation is stifled all too often in today’s overly-litigious environment…By cross-licensing our patent portfolios, Cisco and Samsung are taking important steps to reverse the trend and advance innovation and freedom of operation.”