Samsung and Google Sign Global Patent License Agreement
Samsung Electronics and Google Inc. further extended their partnership with a global patent cross-license agreement covering a broad range of technologies and business areas.
“This agreement with Google is highly significant for the technology industry,” said Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center. “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.”
This new agreement covers Samsung’s and Google’s existing patents as well as the ones that will be filed over the next 10 years. This agreement allows Samsung and Google to get access to each other’s patents portfolios, which might lead to focus more on product innovations than on filing lawsuits.
“We’re pleased to enter into a cross-license with our partner Samsung,” said Allen Lo, Deputy General Counsel for Patents at Google. “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.”