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LG and Google enter 10 year patent share


News by Luke Jones on Wednesday November 05, 2014.

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LG and Google have entered into a patent sharing partnership together that will allow both companies to license each other's ideas. The accord covers all existing patent held by Google and LG, as well as any filed over the next ten years. I suppose there will be a lot of patents filed by both companies over the next decade, so get ready for a lot of Google/LG sharing.

Google signed a similar deal with Samsung earlier in 2014 and once again said the reason for striking such a partnership is to help companies concentrate on innovation instead of worrying who owns what. It is certainly a coup for LG, another piece of evidence that says the Korean company is now among the smartphone elite.

There have been rumors that Google and Samsung's relationship is waning and LG is arguably best placed to take the place of Samsung as Mountain Views most cherished OEM. When LG was not involved in building the Nexus 6 (the company made the Nexus 4 and 5) there was suggestion that ties with Google had been severed. The G3 manufacturer said at the time that there would be announcements about a new link up at a later date, and this seems to be it.

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.

source: Google/LG

 
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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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