Level 3 Signs Patent Cross-License Agreement With IBM
Posted on: Friday, 29 February 2008, 09:00 CST
Level 3 Communications and IBM have announced that they have entered into a long-term patent cross-license agreement.
Under the terms of the agreement, IBM has granted Level 3 licenses to IBM's approximately 42,000 pending and issued patents which cover a broad range of telecommunications services and technologies.
In turn, Level 3 has granted IBM licenses to those of its more than 850 pending and issued patents which cover a more information handling systems. The licenses will last as long as the lives of the respective patents.
Jack Waters, chief technology officer of Level 3 Communications, said: "We have long admired IBM's legacy of innovation. This patent cross-license agreement provides Level 3 the opportunity to take advantage of IBM's innovation as we continuously expand the range of services we provide our customers."
Source: Datamonitor
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