Google and Verizon ink cross-licensing deal
Google and telecoms company Verizon have inked a cross-licensing deal ending any future patent litigation between the companies.
The deal, announced yesterday (December 16), bars the companies from suing each other over any patents they own or will acquire in the next five years.
It also protects the companies if either sells a patent to another company and that company then attempts to sue.
According to a statement from both companies, the patents cover a “broad range of products” and technologies.
Kirk Dailey, head of patent transactions at Google, said the cross-licence allows both companies to “focus on delivering great products and services” to consumers around the world.
Randal Milch, general counsel at Verizon, said: “We look forward to striking similar deals with other high-tech companies."
Earlier this year, Google also entered into cross-licence agreements with smart phone maker Samsung and computer technology company Cisco Systems.
