Google and LG announce global patent license agreement

Google inc and LG have announced a global patent agreement. The new cross-licensing deal which kicks in immediately is a long-term one and will cover a broad range of products and technologies.

The agreement will mostly cover the tech giant’s already existing patents, and those that will be filed in the next ten years. The specific terms of this partnership have not been disclosed yet but the two companies seem to be excited about the deal.

Naturally, both LG and Google are pleased with the outcome. By getting the possible patent litigation out of the way, both giants will be able to fully focus on product development.