Google, Samsung Announce Global Patent Agreement
January 27, 2014 3:16 PM EST
Google Inc (GOOG.O) and Samsung Electronics Co Ltd (005930.KS), which are frequently involved in patent infringement lawsuits but not against each other, announced on Sunday that they have reached a global patent cross-licensing agreement.
A man walks out of Samsung Electronics' headquarters in Seoul January 6, 2014.
The deal covers patents currently owned by the companies, as well as any filed in the next 10 years, the companies said in a release. Financial terms were not disclosed.
The companies said the deal "would lead to deeper collaboration on research and development of current and future projects."
"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, in a statement.
Samsung's Seungho Ahn, head of the company's intellectual property center, said the deal showed "the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes."
The companies have been at the center of the smartphone patent wars, though more as allies than foes. The majority of the litigation - which has sprawled across three continents, has been between Apple (AAPL.O) and the various companies involved in making smartphones based on Google's Android software, including Samsung and Google subsidiary Motorola Mobility.
Most Popular Slideshows
Join the Conversation
- Apple Inc (AAPL) Stock Sees Biggest After-Earnings Move; Share Price To Reach 3-Digit Mark
- Medibank IPO Seeks To Raise $4.8B Capital, Biggest Share Launch In Asia For 2014
- 65 Deaths In 1 Year Make Jobs In Transport & Storage Sector Most Dangerous In Australia
- Porsche, Pope, Sistine Chapel and The Godfather
- iOS 8 Jailbreak Release Date Likely this October 2014 with Pangu not Evad3rs Firming Up as Creator
- Chilling: New ISIS Video Addresses Australia; Aussie Teen Delivers Message
- The Pirate Bay Blockade: Cost Of Blocking Websites Like TPB Is Ridiculously High
- Xiaomi Mi4 And MiPad Prices Likely Slashed, Thanks To Rivals Oppo, OnePlus And Meizu
- Top 4 Free-To-Download Apps for Fuller iPhone 6, 6 Plus Experience
- Battery Saving Android 5.0 Lollipop Feature Extends The Battery Life Of Your Android Device By 90 Minutes And Displays Orange Bar While Power Saving Mode Is On
- Russia Beefs Up Gold Reserves To Offset Heat of Sanctions And Undercut Dollar