SAN JOSE, Calif. (AP) -- Google and Cisco have struck a long-term patent cross-licensing deal that will help lower the risk of expensive legal disputes over intellectual property and likely foster a greater collaboration between the two companies.

Technology companies often use litigation to stop rivals from using patents without permission, but many of the disputes often end in cross-licensing agreements outside court.

Financial terms of the Cisco-Google agreement were not disclosed.

Cisco Systems and Google said that their deal covers a broad range of products and technologies.

Allen Lo, Google's deputy general counsel for patents, said in a statement on Tuesday that the company welcomes talks with any other company interested in a similar patent cross-license deal.

Google reached a cross-license agreement with Samsung Electronics Co. last month. Samsung said that deal covers patents to be filed over the next 10 years as well as existing patents. Financial terms were not disclosed.

The Motley Fool recommends Cisco Systems and Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Compare Brokers