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Samsung and Google signs a cross-licensing patent portfolio agreement

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Published On January 27, 2014 By Syamanth Sreejith
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And the news that sounds great to our ears, came in yesterday, where the South Korean manufacturing giant Samsung Corporation and the American search giant Google Inc., went officially signing on some papers that will cross-license their global patent portfolios each other for the next ten years.

It was also made clear that the new contract will be covering the broad range of technologies and business areas, alongside both the companies existing patents and those filed in the upcoming years, within the agreement period. So, from this moment to the end of these people's agreement, which will be after 10 years, by 2024, we would probably not see  any kind of patent lawsuits filed to court by both of these multinationals each other.

"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," said Allen Lo, Deputy General Counsel for Patents at Google.

"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," denoted Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center.

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About author: Syamanth Sreejith

Syamanth is the Founder, Co-Owner Senior News Writer at THE PHONES GUIDE. He is a full-time media communications correspondent and mobile technology news writer and blogger, currently in charge of THE PHONES GUIDE, THE PHONES GUIDE BLOG and THE PHONES GUIDE on Medium.

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