LIVE VIDEO: Live Newscast    Watch
 

Samsung, Google sign patent agreement

11:00 PM, Jan 26, 2014   |    comments
The Google logo is seen on the front door of the new Google Engineering center in Zurich, Switzerland. (Photo: Walter Bieri, AP)
  • Share
  • Print
  • - A A A +
  • FILED UNDER

 


 


SEOUL, South Korea (AP) - Samsung Electronics Co. says it has signed an agreement with Google Inc. to cross-license their patents.

The Asian tech heavyweight said Monday the deal covers patents to be filed over the next 10 years as well as existing patents. Financial terms were not disclosed.

Allen Lo, a deputy general counsel at Google, said the deal allows the two to reduce the potential for litigation and focus on innovation.

Samsung said it also paves the way for deeper collaboration on research and development for Samsung and Google. The two already collaborate on smartphones and televisions.

Tech companies often use litigation to stop rivals from using patents without permission but many of the disputes end in cross-licensing agreements outside court. Samsung, maker of Android-powered Galaxy devices, is in legal fights with Apple.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most Watched Videos