It’s hard to read the word ‘patent’ and not leap immediately to ‘infringement,’ given the tech industry’s recent track record. But in this rare case, access to that oft-contested IP is being spread like love — very expensive love. Under the terms of a joint agreement, NVIDIA and Intellectual Ventures have acquired nearly 500 patents from IPWireless, some of which pertain to essential tech for LTE, LTE-Advanced and 3G / 4G, bolstering the duo’s inroads into the mobile space. Though the exact financials weren’t disclosed, IPWireless will retain the right to utilize that portfolio royalty-free for as long as it chooses, while NVIDIA will have to license whatever patents it didn’t acquire from its partner. With official word of LTE Tegra 3 chips being pushed off into 2013, this latest business handshake’s paving the way for an uncontested market debut. Check out the official PR after the break.