Google and Samsung Signed 10 Years patent agreement, So now onward both companies going to share between them. That’s a pretty big move in the Tech World for now Google Owned to Mobile handset companies (Nexus and Motrola) Basically, we all know google take over the Motrola for their patent. Now Samsung will get access for Motrola Patent and Nexus Patents. Mean While Samsungs top running Devices, Galaxy Series and Note Series Patents googles hands. So in future we can expect very high tech Smartphone products from Google Samsung and Motrola.
But in between Apple and Samsung Tech Cold war is going for patent copying, lets see how google going to handle this situation with samsung in the future.
In addition to Google, Samsung now has deals in place with Microsoft, Nokia and Intellectual Ventures.
Full statement below.
Samsung Electronics Co., Ltd. And Google Inc. Today furthered their long-term cooperative partnership with a global patent cross-license agreement covering a broad range of technologies and business areas. The mutually beneficial agreement covers the two companies’ existing patents as well as those filed over 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.”
With this agreement, Samsung and Google gain access to each other’s industry-leading patent portfolios, paving the way for deeper collaboration on research and development of current and future products and technologies.
“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.”
Source: Techno Buffalo, Techcruch, Android Central