Samsung and Google Reach Agreement Over Patents
Samsung and Google today announced that they have struck a wide-ranging patent-licensing agreement. According to the terms of the agreement, both companies will license both their existing patent portfolios, as well as patents to be filed over the course of the next 10 years. The patents are not limited to mobile technology, and instead cover a number of different product categories. "By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation," said Google deputy general counsel Allen Lo.
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