Today, from Samsung and Google the company received an official statement on the signing of the cross-licensing agreement on the use of patents. The term of this agreement is 10 years.
Among the representatives of the mouth of the search giant Google has been told that «working together within the framework of such an agreement, the company will be able to reduce the resources needed for litigation and focus on innovation».
The agreement covers both the existing patents and pending patent applications, as well as an application to be registered for the next 10 years. Thus, Samsung and Google have access to an extensive patent portfolio of each other and will create more sophisticated products. In addition, this move will allow both companies to successfully defend its position against patent trolls.