Small Business SEO | “Samsung, Google Sign Patent Agreement”

Source   : Washington Post
By       : Associated Press
Category :  Small Business SEO , Orlando Search Engine Optimization

Google And Samsung Sign 10 Year Global Patent License Agreement

Google And Samsung Sign 10 Year Global Patent License Agreement

Samsung Electronics Co. says it has signed an agreement with Google Inc. to cross-license their patents. The Asian tech heavyweight said Monday the deal covers patents to be filed over the next 10 years as well as existing patents. Financial terms were not disclosed.

Allen Lo, a deputy general counsel at Google, said the deal allows the two to reduce the potential for litigation and focus on innovation.

Samsung said it also paves the way for deeper collaboration on research and development for Samsung and Google. The two already collaborate on smartphones and televisions. Tech companies often use litigation to stop rivals from using patents without permission but many of the disputes end in cross-licensing agreements outside court. Samsung, maker of Android-powered Galaxy devices, is in legal fights with Apple. Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source : washingtonpost.com/business/technology/samsung-google-sign-patent-agreement/2014/01/26/8276c35c-8707-11e3-a760-a86415d0944d_story.html

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