Cross-Licensing Agreement Samsung

As one of the world`s largest manufacturers of electronics, Samsung is always making moves to secure its technological advantage in the industry. In recent news, the company has entered into a new cross-licensing agreement with IBM, which will allow the two tech giants to share their patent portfolios.

This agreement is significant for both companies. Samsung gains access to IBM`s extensive patent library, which includes more than 140,000 patents in fields such as artificial intelligence, cloud computing, and quantum technology. In turn, IBM will be able to use Samsung`s patent portfolio, which includes more than 70,000 patents in various fields, including mobile devices, home appliances, and semiconductors.

So why do companies enter into cross-licensing agreements? The main reason is to avoid patent infringement lawsuits. Technological advancement often involves the use of patented technologies, and companies are always looking for ways to incorporate these technologies into their own products. However, without proper licensing agreements, they risk being sued for patent infringement.

Cross-licensing agreements allow companies to share their patent portfolios with one another, enabling them to use each other`s patented technologies. This approach benefits both sides because it reduces the risk of litigation and allows companies to focus on innovation. It also helps them to save time and money that would have been spent on litigation.

This latest cross-licensing agreement between Samsung and IBM is not the first of its kind. Samsung has signed similar agreements with other tech giants such as Microsoft and Qualcomm. These agreements allow Samsung to utilize their patented technologies and vice versa.

In conclusion, cross-licensing agreements between tech companies are becoming increasingly popular as technology advances. They are essential for the industry to progress and continue to innovate without facing legal disputes. The Samsung-IBM agreement provides a good example of how companies can work together to achieve their goals and create new opportunities for future advancements.