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Google (NASDAQ:GOOG) and Microsoft Like Leaving Lawyers Out

Google Inc (GOOG) - How to buy Google Stock in 2020 | Learnbonds

Google Inc and Microsoft Corp are on different ends of the tech space but certain overlaps have brought them into each other’s markets. The overlaps have given birth to disputes about who owns what patents and they’ve been in and out of counts that you’ll care to know. It seems that both firms have decided to work together in a move that could change how IP wars are fought in the tech space.

The Wall Street Journal reports that both firms have agreed to dismiss lawsuits on patent rights between the two firms. More than 20 lawsuits are pending between the two firms from Wi-Fi to mobile phones, and Web Video among other things. Part of a joint statement by the two firms reads, “As part of the deal, the firms will dismiss all pending patent (lawsuits) between them, including cases related to Motorola Mobility”.

The sky is wide enough for tech birds to fly

The fight that goes on in the tech space is usually more about protecting turf than about the money paid to the winning side in the lawsuit. Tech firms spend huge resources on R&D; hence, they always take offence when another firm uses their IP in rival products. The disputes are usually very lengthy and they don’t usually provide the desired results other to give lawyers fat checks for their billable hours.

Players in the tech space no think that working on patent issues might be smarter in the long term for their products, brands, and investors than heading to the courts over every perceived IP issue. A statement released by Google and Microsoft says that both firms have “agreed on certain patent matters and (look forward to) working together in other areas in the future to benefit our customers.”

Both firms have been making peace with other firms in the last one year. For instance, in Dec. 2014, Google made a deal with Verizon to avoid suing each over patents they own or acquire in the next five year. In news, Microsoft ended a contract dispute with Samsung over Samsung’s use of the Android OS.

Working for better tech

As opposed unending fights, Google and Microsoft have teamed up with five other tech players to create a the next gen standard for video streams. The two firms, along with Cisco, Amazon, Netflix, Mozilla, and Intel have formed the Alliance for Open Media. The group says its members want to “meet growing internet demand for top-quality video, audio, imagery, and streaming across devices of all kinds and for users worldwide.”

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Adam Green is an experienced writer and fintech enthusiast. He he worked with LearnBonds.com since 2019 and covers a range of areas including: personal finance, savings, bonds and taxes.

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