by Anton Shilov
01/27/2014 | 04:31 AM
Samsung Electronics and Google furthered their long-term cooperative partnership with a global patent cross-license agreement covering a broad range of technologies and business areas. The mutually beneficial agreement covers the two companies’ existing patents as well as those filed over the next 10 years.
“We are 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,” said Allen Lo, deputy general counsel for patents at Google.
With this agreement, Samsung and Google gain access to each other’s industry-leading patent portfolios, paving the way for deeper collaboration on research and development of current and future products and technologies.
“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,” said Seungho Ahn, the head of Samsung’s intellectual property center.
Google and Samsung are very close partners. In fact, the latter is among a few companies who is earning on Google Android-based smartphones. It is hard to imagine that the two companies start a legal action against each other. However, a cross-licensing agreement will allow Samsung to avoid litigations with some other companies, who are holders of standard-essential patents.