Google and LG have signed a patent cross-licensing agreement that will last for 10 years. This means that the two will share existing patents as well as patents to be granted in the future for the next 10 years.
GOOGLE AND LG ENTER INTO GLOBAL PATENT LICENSE AGREEMENT.
Cross-License Covers Broad Range of Products and Technologies
SEOUL and MOUNTAIN VIEW, Calif., Nov. 5, 2014 — LG Electronics Inc. (LG) and Google Inc. have entered into a long-term patent cross-licensing agreement covering a broad range of products and technologies. The agreement covers the two companies’ existing patents as well as those filed over the next 10 years.
“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.”
This agreement builds on the long-standing strong alliance between Google and LG Electronics, the companies said.
“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.
Currently, we’re not exactly sure why the two industry leaders signed the deal, apart from the two sharing a now stronger relationship. LG was responsible for making the Nexus 4 back in 2012 and the Nexus 5 in 2013. This year’s Nexus 9 and Nexus 6 were made by HTC and Motorola respectively. We’re guessing we’ll be seeing more Nexus devices made by LG in the future.
Samsung made a similar deal with Google back in January, but that deal is for 5 years.
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