Under the agreement, both companies are free to use the trademark on their products throughout the world.
Both companies acknowledge the trademark ownership rights that have been granted, and each side will dismiss any pending actions regarding the trademark.
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In addition, Cisco and Apple will explore opportunities for interoperability in the areas of security, and consumer and enterprise communications. Other terms of the agreement are confidential.
Apple launched its data heavy iPhone in a wave of publicity last month, but Cisco had threatened legal action as it already sold a number of iPhone-branded network infrastructure products.