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Licensing agreement better than litigation for tech companies

In the technology world, it is not uncommon for two companies to get tied up in litigation due to a variety of issues, ranging from patent disputes to defamation. While this has proven true many times over the past few years, some companies are beginning to realize that it is better to cooperate with each other than fight.

Google and Samsung Electronics, two of the largest companies in the technology sector, have signed an agreement to license a range of each other's patents. This goes a long way in showing that the two companies are dedicated to working together, which is a good idea since they are both standing behind the popular Android operating system.

The deal is a breath of fresh air in an era where patent litigation has become so common. A member of Google's general counsel said in a press release, "By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation."

Both companies noted that the agreement covered patents already in existence, as well as several that are set to be filed in the next decade. This agreement helps strengthen the ties between Google and Samsung, allowing both to focus on innovation and how they can change the world for the better.

There is a lot that goes into this type of licensing agreement, but Google and Samsung were able to work things out. Any company or individual, such as an entertainer, who is interested in a similar arrangement may benefit from consulting with an experienced and knowledgeable attorney.

Source: The New York Times, "Google and Samsung Sign Broad Cross-Licensing Agreement" Eric Pfanner, Jan. 27, 2014

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