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. So lets see what will they plan for next ten years hope to see some thing new.
Google Partners with LG in 10 Year Global Patent Agreement covering a Broad Range Of Products And Technologies.
Allen Lo, deputy general counsel for patents at Google said:
We’re pleased to enter into this agreement with a leading global technology company like LG. By working together on cross-licenses like this, companies can focus on bringing great products and services to consumers around the world.
This latest deal is a significant win for LG, not just in terms of strengthening ties with the company behind its mobile OS, but also as a sign of strength in the ever-present market battle with its Korean compatriot.
As for Google, the company is further tightening its bond with another key manufacturing partner — a brand that not only utilises Android across a broad range of devices, but one that also partnered closely with the US company in the past for the development of the Nexus 5.