Two of the biggest tech powerhouses in the world have secured a new partnership regarding mobile patents.
With intellectual property at the center of many of today’s biggest courtroom showdowns, the news is promising with regard to Samsung’s and Google’s new agreement, which was confirmed by the individual parties on Monday.
From the Samsung announcement:
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’re pleased to enter into a cross-license with our partner Samsung,” added 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.”
We understand that in response to this agreement, Samsung and Google gain access to each other’s rather extensive patent portfolios.
“This agreement with Google is highly significant for the technology industry,” says 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.”