Bangalore: Electronics major Samsung and Google entered into a mutually beneficial cross licensing deal where both the parties will share all existing patents as well as the ones that will be acquired in the next ten years. This decade long partnership between Samsung Electronics and Google has set the preface for more such deals between corporations that are at loggerheads with each other. The details about patents and technologies covered in the pact were not disclosed. The terms and conditions remained a secret as well.

Deputy General Counsel for Patents at Google, Allen Lo said, “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.” On similar lines, Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center opined, “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes,” Josh Miller reports for CNET.