Samsung and Google sign global patent license agreement
In a new move to overcome any future litigation, Samsung Electronics and Google Inc signed a global patent cross-license agreement and expanded their ongoing cooperative partnership. According to the press statement released on Monday, the agreement is targeted to cover the existing patents of the two companies as well as those filed over the next 10 years.
On getting into the global patent license agreement with Samsung, Allen Lo, Deputy General Counsel for Patents at Google, commented;
“We’re pleased to enter into a cross-license with our partner Samsung. By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.”
The agreement opens an avenue for Samsung and Google to gain access to each other’s industry-leading patent portfolios, with a view of research and development on current and future products and technologies.
On announcing the deal, Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center, said;
“This agreement with Google is highly significant for the technology industry. Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.”
The agreement is expected to reduce the cases of patent infringement on both the companies each other. Moreover, apart from smartphones development, the agreement will be applicable to the development of other electronic devices and innovations for future developments by both the companies.