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
- Typhoon Rammasun Claims 18 Lives in China, Incurs $4.32B Losses (PHOTOS)
- Malaysia Airlines MH17: Vital Black Boxes Finally Land in Hands of Malaysian Authorities, Rebels Announce Ceasefire (PHOTOS/VIDEOS)
- Kate Middleton's Pregnancy Hearsays: Possible Evidence Revealed [PHOTOS]
- Selena Gomez Turns 22 Today, Celebrates Early without Justin Bieber: Top 12 Interesting Facts About the Singer [SEE PHOTOS]
Join the Conversation
- Malaysian Airlines Flight 17: Air Carrier to Give $5,000 Assistance to Victims’ Families; Bankruptcy Looms as 2 Air Mishaps Would Cost Firm Minimum $80.55 M Compensation
- Foxconn And Pegatron Corp Readies For Apple's iPhone 6 Mass Production This Month
- KFC & McDonald’s Accused of Serving ‘Expired’ Meat to Customers
- Malaysian Airlines Ukraine Tragedy Hits Asian Stock Markets
- New Zealand's Largest Snack Food Company Bought for NZ$700 Million
- Fresh Leak Hints iPhone 6 Price and Release Date; 4.7-Inches iPhone 6 Sapphire Display Scratched in Test; New Spigen Cases Out
- iPhone 6 2014 Release Date Very Soon as Apple Orders 120M New iPhones from Foxconn – Report
- Google Nexus 6 on Release Date Will Sport 2K Display Panel & Lower Price Tag – Report
- Motorola Moto G Vs. Xiaomi Mi3 – Low in Price, High -level Features
- FCC Approves Sony Xperia Z3 for U.S. Market
- Killer Xiaomi Mi4 at $369 Likely to Come With 5.0-Inch Display, Snapdragon 801 Processor, 3GB RAM and More
- Sony PlayStation 4 Outsells a Resurgent Xbox One in June