LG Electronics signs patent-sharing pact with Microsoft

SEOUL, South Korea (AP) – South Korea’s LG Electronics Inc. has signed a patent cross-licensing agreement with Microsoft Corp. covering a variety of hardware and software products, the companies said Thursday.

Through the agreement, LG will obtain access to Microsoft’s patents that may be used in its products such as computers and other home appliances.

Redmond, Washington-based Microsoft will gain access to LG’s patents relating to computer-related devices for its products, LG said. Microsoft will also use other patents developed by LG that are owned by MicroConnect Group, a U.S.-based business software developer, the joint statement added.