Google and Samsung Sign Patent License Agreement

Yesterday was great day in mobile marketing world. The search engine leader – Google and Samsung Electronics announced on Sunday that they both have reached a global patent cross-licensing agreement.

The deal cover’s patents currently owned by both companies, as well as any failed in coming 10 years, as company said in a recent release. But financial terms were not disclosed in the release. Both the companies are frequently involved in patent infringement lawsuits from long time, but not against each other.

Google and Samsung Sign Patent DealIn the company’s statement said as that the deal “would lead to deeper collaboration on research and development of current and future projects.”

In a statement given by Allen Lo – the deputy general counsel for patents at Google, said “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation,”

Seungho Ahn, head of Samsung’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.”

Both the companies have been at the center of the smartphone patent wars from long time, though more as allies than foes.

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