Earlier this year, Samsung entered into a patent license agreement with Google and now LG has become the second Korean company to follow the suit by entering into an agreement. The cross-licensing agreement will allow both companies to use each others’ patents, including the ones that will be filed in the next 10 years.
We’re pleased to enter into this agreement with a leading global technology company like LG. By working together on cross-licenses like this, companies can focus on bringing great products and services to consumers around the world.
This is certainly a good move for both the companies, specifically LG that can help them safeguard against any lawsuits in the future.
[Via LG Newsroom]
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