Microsoft, Fuji Xerox Agree on Patents

Fuji Xerox and Microsoft said Thursday that they had agreed to allow access to each other's patents, which includes monetary and non-monetary compensation for their patents. Terms of the deal were not disclosed, although Fuji Xerox will gain access to relevant patents for its current and future product lines, while Microsoft will gain similar access to benefit its own offerings, including Microsoft Office.

"Both Fuji Xerox and Microsoft have a strong commitment to innovation, and the broad patent agreement will give us both the freedom to continue developing and building technologies that will ultimately work better together," Microsoft senior vice president and general counsel Brad Smith said.