In a decade long cross-licensing partnership, Google and LG agree to license each other’s patents.
Technology giants Google and LG Electronics have signed a 10-year-long cross-license deal that involves both existing and future products, on November 5, 2014. Covering a broad range of technologies, the agreement between the two firms would include existing, as well as future patents that will be filed over the next decade.
In hindsight, the last time Google inked an extensive deal like this was in January 2014 with Samsung Electronics for the same time period in order to do more than just strengthen ties. Rather, it was to dissolve any present or future patent disputes, which is the same focus of the present deal with LG.
Google is presently securing ties with another manufacturing partner, which uses Android across its devices. It has been reported that the company had previously partnered with Google for developing Nexus 5.
For LG this deal is especially important as it strengthens its hold on the market, where several rivals, especially Samsung, are thriving. Being the world’s fourth largest smartphone maker, the company has faced very slow paced sales, since it was a late entrant in the market. However, it seems to be asserting itself in the market with its flagship G3 smartphones.
Photo Credits: bgr.com