Samsung and Google have signed a cross-license agreement which covers a range of technologies and businesses of the two companies. Cross-licensing means that both Samsung and Google are granting a license to each other to allow exploitation of the patents each of them owns currently as well as all the patents that will be filed in the next 10 years.
What Google said:
“We’re pleased to enter into a cross-license with our partner Samsung. By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.”
What Samsung said:
“This agreement with Google is highly significant for the technology industry. Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.”
Reference: Samsung’s Official Blog
