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.

“When technological industry leaders collaborate through intellectual property licensing, we foster greater innovation that will benefit the customer, the consumer and the overall IT ecosystem,” said Horacio Gutierrez, vice president of intellectual property and licensing at Microsoft. “We are proud of the quality of our broad, global patent portfolio, and we look forward to continuing to work with JVC and other industry leaders to develop new and exciting technologies through our collaborative licensing program.”

Recently, Microsoft’s patent portfolio was given the top quality rating in the IT industry by two of the leading independent patent quality rating systems.