Intellectual property is often a point of contention for tech companies, but in the case of Google and Samsung, it’s an opportunity to capitalize on an already strong partnership. On Jan 26 the tech giants inked a 10-year cross-licensing agreement deal that they hope will strengthen their presence in the technology space and protect them from patent litigation.
The official statement did not reveal any of the pertinent financials involved in the deal, but indicated the agreement will cover the companies’ existing patents as well as any they may file within the next 10 years. That being said, the companies will not be able to claim ownership of the patents being cross-licensed, and as such they will be unable to use them for litigation defense. This is important to note, especially as the patent war between Apple and Samsung continues to rage.