Google signs 10 year patent sharing agreement with LG

Fresh from announcing record shipments in the last quarter of business, LG has revealed that it has struck a 10-year global patent agreement with Google. The company says that the arrangement enables cross-licensing of all existing patents between the duo, as well as new additions filed over the next decade. “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 LG’s Intellectual Property Center, in a statement. Lee’s counterpart Allen Lo — deputy general counsel for patents at Google — added: “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.”