Microsoft and Nikon have signed a patent cross-licensing agreement to further the development of each company's current and future product lines.

The agreement covers digital cameras made by Nikon as well as a broad range of other consumer products each company manufactures and sells. The agreement was signed by representatives from both companies at Microsoft's headquarters in Redmond, Wash. Although the contents of the agreement have not been disclosed, the parties indicated that Microsoft is being compensated by Nikon.

Microsoft and Nikon have a long history of collaborating to bring consumer products to the market, including wireless cameras and RAW processing technologies. The companies believe that this patent cross-licensing agreement will substantially benefit customers of consumer products including digital cameras..

"This agreement will extend and enhance our already successful, long-standing collaboration with Nikon, and will allow us to provide even better products to our customers," said Josh Weisberg, director of the Rich Media Group at Microsoft.