Google And Samsung Global Patent Licensing Deal To Foster Closer Research Collaboration
The agreement covers both firms' existing patents, as well as new ones filed over the next 10 years. " "We’re pleased to enter into a cross-license with our partner Samsung,” said Allen Lo, Deputy General Counsel for Patents at Google. “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.”
It's a monumental step forward in the troubling patent wars, and moreover, if two giants this big can come to terms, there should be little stopping the rest of the industry from following suit. Er, not lawsuit, of course.