Google and Samsung has signed up a cross licensing deal for next 10 years. It is a wide-ranging patent licensing agreement, in the face of intensifying intellectual property battles with smartphone rivals such as Apple.
This agreement between the creators of Android and its biggest OEM covers all current patents held by both parties, and any future ones that should be filed during the next 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 could be potentially game-changing if this patent deal is used to further integrate the software and technology of Google with the hardware and household products of Samsung. Samsung also quoted after the deal:
“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.”
Guys what you think? What are your views regarding this cross Licensing Deal for next 10 years between Google and Samsung?
Source: Samsung