Cisco, Samsung Strike Cross-License Patent Deal

Law360, New York (February 5, 2014, 8:10 PM EST) -- Cisco Systems Inc. and Samsung Electronics Co. Ltd. have entered into a patent cross-license agreement that will advance innovation and result in mutual growth to benefit customers on both sides, the technology giants announced on Wednesday.

The agreement, which goes into effect immediately, permits the two companies to gain access to each other’s patent portfolios. The companies did not disclose the specific terms of the deal but said that the agreement would cover a vast array of products and technologies.

Cisco and Samsung said the agreement...
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