Google, Samsung announce global patent agreement
(REUTERS) - Google Inc and Samsung Electronics Co Ltd, 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.
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 Mr Allen Lo, deputy general counsel for patents at Google, in a statement.