Samsung Electronics Co., Ltd. and Google Inc. today 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 companiesÃ¢â‚¬â„¢ existing patents as well as those filed over the next 10 years.
Ã¢â‚¬Å“WeÃ¢â‚¬â„¢re pleased to enter into a cross-license with our partner Samsung,Ã¢â‚¬Â said Allen Lo, Deputy General Counsel for Patents at Google. Ã¢â‚¬Å“By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.Ã¢â‚¬Â
With this agreement, Samsung and Google gain access to each otherÃ¢â‚¬â„¢s industry-leading patent portfolios, paving the way for deeper collaboration on research and development of current and future products and technologies.
Ã¢â‚¬Å“This agreement with Google is highly significant for the technology industry,Ã¢â‚¬Â said Dr. Seungho Ahn, the Head of SamsungÃ¢â‚¬â„¢s Intellectual Property Center. Ã¢â‚¬Å“Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.Ã¢â‚¬Â