Samsung has signed a 10-year global patent cross-licence agreement with Google, in a bid to ensure that the two companies do not become embroiled in expensive and time-consuming litigation.
Samsung confirmed the news in a blog post, promising the deal will relate to a "broad range" of technologies in both companies' respective portfolios. It will also cover existing and future patents filed by either company over the next 10 years.
Head of Samsung's Intellectual Property Center, Seungho Ahn, said the new deal will end unnecessary patent disputes, saving both Google and Samsung vast amounts of time and money.
"This agreement with Google is highly significant for the technology industry. Samsung and Google are showing the rest of the industry that there is more to gain from co-operating than engaging in unnecessary patent disputes," he said.
Allen Lo, deputy general counsel for patents at Google, mirrored Ahn's sentiment, arguing that the deal should act as an example to other technology companies embroiled in patent litigation.
"We're pleased to enter into a cross-licence with our partner Samsung," he said. "By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation."
Both Samsung and Google are currently embroiled in patent infringement litigation with numerous other tech companies, including key competitor Apple.
Apple and Samsung have been embroiled in a heated patent battle since April 2011. The battle began when Apple accused Samsung of "slavishly copying" its iPad design. The battle subsequently escalated when Samsung responded with its own wave of patent infringement claims against Apple.
Apple won a key victory last week when a US court confirming the Samsung devices did infringe on a patent relating to the autocorrect feature in iOS.
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