LG and Google have just entered into a partnership for the next 10 years with a global patent license.
LG and Google have agreed to cross-license their existing patents as well as any new additions that are filed within the next ten years.
“LG values its relationship with Google, and this agreement underscores both companies’ commitment to developing new products and technologies that enhance consumers lives,” stated vice president and head of LG’s Intellectual Property Center, J.H Lee.
Google also commented on the decision with their deputy and general counsel for patents, Allen Lo stating, “we are pleased to enter into this agreement with a leading global 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.”
LG and Google have been long time business partners. Together they have created the Nexus and worked together on LG’s G3 phone.
This is also not the only agreement that Google has signed with a leading technology manufacturer. They also have a similar agreement with Samsung, which is the largest manufacturer of Google’s Android operating system in the world.