Samsung announced a new patent cross-licensing agreement with Cisco today, effectively establishing a three-way patent sharing agreement between the two companies and Google. The search giant recently inked deals with both Samsung and Cisco in an effort to protect itself against future lawsuits from patent trolls.
Details on the agreement are vague, but both companies will gain access to each other’s current patents as well as any filed during the next ten years. The deal may also mean closer collaboration between the two companies in the future.
“We look forward to working with Cisco.” said Dr. Seungho Ahn, Samsung’s IP chief. “We expect this agreement to result in mutual growth and, ultimately, for the benefit of both companies’ customers across the world.”
Google previously stated it will consider entering into a patent-sharing deal with any interested companies. The search giant appears ready to make a push against increasing patent lawsuits, which it says stifle innovation and hurt the industry.