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Microsoft, LGE ink patent-licensing agreement

Posted: 11 Jun 2007 ?? ?Print Version ?Bookmark and Share

Keywords:cross-license agreement? Linux-based embedded devices? intellectual property?

Microsoft Corp. and LG Electronics (LGE) have entered into a patent cross-license agreement to further the development of the companies' current and future product lines.

Through the agreement, LGE will be able to use Microsoft-patented innovations in its products, including Linux-based embedded devices. Meanwhile, Microsoft will have access to LGE's patents and will license other patents developed by LGE that are now owned by business solutions provider MicroConnect Group.

Specific financial terms of the agreement are confidential, but the parties disclosed that Microsoft will be making a net balancing payment to LGE and MicroConnect for patents related to OS and computer systems. LGE will be making ongoing payments to Microsoft for the value of Microsoft patents as they relate to Linux-based embedded devices that LGE produces.

"We believe that the license arrangement with Microsoft provides appropriate recognition of the value of LGE's computer system-related patents, which includes patents directed to computer architecture utilized in game consoles and other products," said Jeong Hwan Lee, executive VP of the Intellectual Property Center at LGE. "We believe in the importance of respecting the IP rights of others and that patent collaboration and protection is a best business practice the whole industry should be engaged in."

"This agreement is another example of how Microsoft is continuing to build bridges with others in the industry through intellectual property licensing," said Horacio Gutierrez, VP, intellectual property and licensing at Microsoft.

For the past 12 months, Microsoft has announced similar agreements with companies such as Fuji Xerox Co. Ltd, NEC Corp., Nortel Networks, Novell Inc., Samsung and Seiko Epson Corp. to help build bridges between computer hardware, software and telecommunications solutions providers.

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