July 30, 2014

Samsung and Google Sign Global Patent License Agreement

google_vs_samsung

Samsung and Google have entered into a 10 year patent license agreement in order to “prevent litigation and focus on innovation”.  With this agreement, Samsung and Google gain access to each other’s patent portfolios, paving the way for deeper collaboration on research and development of current and future products and technologies.

“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.”

I believe that it is crucial for tech companies to work together in order to avoid wasting time and money.  Now, if we could only see Apple and Samsung do the same, which would take a miracle, I believe we could see even more innovation from the two.

Source: Samsung