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Microsoft and JVC Enter Into Patent Cross-Licensing Agreement to Foster Mutual Innovation and Collaboration | |
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| Time: 19:15 EST/00:15 GMT | News Source: Microsoft Press Release | Posted By: Jonathan Tigner | ||
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Microsoft Corp. and Victor Company of Japan Ltd. (JVC) have signed a patent cross-licensing agreement to further the development of each company’s current and future product lines, which will expand technological innovation and enhance the overall customer and consumer experience. The agreement, recently signed by representatives of both companies, expands the relationship between JVC and Microsoft to promote the exchange of valuable information and the incorporation of patented technologies in their respective products. The agreement covers a broad range of consumer products each company manufactures and sells. Although the contents of the agreement, including the specific financial terms, are confidential, the parties indicated that Microsoft is being compensated by JVC. | ||
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