Kodak and Panasonic have reached agreement over four U.S. patents, which Kodak claimed Panasonic had violated. In the report by business website Bloomberg, Kodak issued a lawsuit in July 2007, claiming that Panasonic used “inventions for image compression, storage, color sensors and previews it patented between 1991 and 2001"."The license agreement, which will allow each company access to the other’s patent portfolio, is royalty-bearing to Kodak,’’ said a Kodak statement. A similar lawsuit was settled with Sony in January 2007.