LG and Google proclaimed a long term cross-licensing patent agreement. The agreement spreads existing licenses and those that will be filed throughout the next ten years. As per both companies, the permitting license assertion covers a wide scope of products and technologies.
The extension bodes well when you consider that Google possesses any semblance of Nest, among some other number of non-mobile goings-on.
Particular terms of the licensing assertion were not unveiled.
GOOGLE AND LG ENTER INTO GLOBAL PATENT LICENSE AGREEMENT
Cross-License Covers Broad Range of Products and Technologies
SEOUL and MOUNTAIN VIEW, Calif., Nov. 5, 2014 ― LG Electronics Inc. (LG) and Google Inc. have entered into a long-term patent cross-licensing agreement covering a broad range of products and technologies. The agreement covers the two companies’ existing patents as well as those filed over the next 10 years.
“We’re pleased to enter into this agreement with a leading global technology company like LG,” said Allen Lo, deputy general counsel for patents at Google. “By working together on cross-licenses like this, companies can focus on bringing great products and services to consumers around the world.”
This agreement builds on the long-standing strong alliance between Google and LG Electronics, the companies said.
“LG values its relationship with Google, and this agreement underscores both companies’ commitment to developing new products and technologies that enhance consumers’ lives,” said J.H. Lee, executive vice president and head of the LG Electronics Intellectual Property Center.