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LG and Google have signed an agreement on cross-licensing
LG Electronics Inc. signed an agreement with Google Inc., according to which they can use each other's patents. This is reported by the news agency RUSKOR.
The cross-licensing agreement includes the right to share not only valid patents, but also those that will be re-registered before 2023. “The deal will strengthen our relationship with Google in product innovation and technology development that will contribute to creating value that will change the lives of consumers,” said the vice president. Patent Center LG Electronics Kim Joong-hwan.
The agreement will allow LG Electronics to use Google's data processing and information security patents. The American company, in turn, will get access to a number of exclusive rights of LG.