Here's something you don't really see everyday. According to reports, Samsung Electronics Co. has confirmed that the company has signed an agreement with Google to cross-license the companies' patents.
The South Korean tech giant revealed on Monday that the new deal involving both Samsung and Google and their respective patents will cover patents that are to be filed over the next 10 years with the already existing patents from the companies also being covered via the new deal.
Samsung said that the new deal will look to pave a way for extensive collaboration between the two companies as far as research and development for Samsung and Google made products are concerned, with both of them already collaborating on televisions and smartphones.
While none of the companies were bent on revealing the exact nature of patents that are to be covered under the newly made deal, they did agree to the fact that their biggest rival in the market is Apple right now and also stressing on how both Samsung and Google can work together to avoid any future litigation.
Allen Lo, a deputy general counsel at Google, also confirmed the same by stating that the the deal allows the two to successfully reduce any potential for litigation and focus on innovation.
"Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes," Seungho Ahn, the head of Samsung's Intellectual Property Center, said in a statement.
For those who are not aware as to what this collaboration means and how litigations play a major role in such instances, tech companies (similar to Google and Samsung) often make use of litigations to stop rival companies from using patents without seeking permission for the same, although a number of disputes usually end in cross-licensing deals that are carried out outside court.