After signing a patent cross-licensing deal with Samsung in January, Google on Wednesday has announced a similar deal with LG Electronics.
LG and Google have entered into a long-term patent cross-licensing agreement that includes their existing patents as well as those to be filed over the next 10 years.
“LG values its relationship with Google, and this agreement underscores both companies’ commitment to developing new products and technologies that enhance consumers’ lives,” said J.H. Lee, executive vice president and head of the LG Electronics Intellectual Property Center in a company Blog Post.
“We’re pleased to enter into this agreement with a leading global technology company like LG,” said Allen Lo, deputy general counsel for patents at Google. “By working together on cross-licenses like this, companies can focus on bringing great products and services to consumers around the world.”
Almost all of LG’s smartphones, smart watches, tablets are powered by Google’s Android software.
While other tech companies like Samsung and Apple are engaged into a never ending battle on patents, Google seems to be building its army by taking more and more allies on board. In an ideal world, cross-licensing patents would be beneficial for both technology companies and consumers alike, it may not kill competition while letting each company scale up with the already available resources.Category Business News