Samsung and Google on Sunday have announced a major Patent Partnership to license each other current patents and those filed in the coming 10 years.
“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.”
This patent deal between both the companies will reduce the potential for litigation and focus instead on innovation.
“This agreement with Google is highly significant for the technology industry,” said Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center. “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.”
Mostly all the Samsung’s smartphones are powered by the Google’s Android operating system. After this patent partnership, there will be higher chances for Samsung to participate in Google’s key projects as a hardware partner said Chung Chang-won, an analyst at Nomura Financial Investment. It is expected that both the companies now will find a better way to resolve their differences.
Samsung currently have partnership with Microsoft and Nokia and now its Google.