Samsung announced in a press release today that the South Korean company has signed an agreement with Google to mutually license one another’s existing patents as well as all patents filed over the next decade.
The agreement follows countless patent lawsuits between Samsung and Apple regarding hardware implementations of various cellular technologies as well as mobile software design and features.
“This agreement with Google is highly significant for the technology industry,” said Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center. “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.”
Since Google and Samsung don’t typically engage in patent battles with each other, the contract doesn’t seem poised to actually prevent many lawsuits. The move will likely prove to be more symbolic of the companies’ commitment to collaboration than an attempt to quell disputes.