Samsung and Google today announced a new 10-year global patent cross-license agreement that will cover a broad range of technologies and business areas. It gives both companies access to to each other’s patent portfolios and will focus on deeper collaboration between the two companies “on research and development of current and future products and technologies.”
“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.”
The move should also help the two companies better protect themselves against future patent litigation, an area that has seen quite a bit of activity recently.
It would appear that the two companies recognize that much of their success have come at the hands of each other and are looking to extend that streak by at least another decade.
Samsung and Google Sign Global Patent License Agreement
“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.”
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,” 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.”