LG, Google ink deal to share patent rights
Nov 5, 2014
LG Electronics Inc. said Wednesday it has signed an agreement with Google Inc. to grant each other the right to mutually exploit their patents, a move seen as a way to avert patent infringement suits. The cross-licensing agreement, signed by the two companies, includes sharing the rights for not only the existing patents, but also those that will be newly registered until 2023, they said. "(The deal) will reinforce our relationship (with Google) in making innovative products and technology