LG and Google have struck a deal to license each other’s patents for a duration of 10 years. The deal will cover existing patents as well as future patents that will be filled over the course of the next ten years. The patents are mostly related to what LG described as a “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.
This a rather vague statement but the deal will probably help both companies to further cooperate, thus simplifying any licensing process. It’s also quite likely that Google would also want to maintain closer ties with some of the most prominent Android device manufacturers. This also reminds us of the similar Google-Samsung deal back in January, a agreement that was reportedly aimed to bring Samsung’s Android UI design more in-line with Google’s vision.
via LG Newsroom