Google and Honeywell agree to resolve Nest Labs patent dispute

Alphabet Inc’s Google and climate control systems maker Honeywell International Inc. yesterday announced that they have reached a long-term patent cross-license agreement reflecting the respective strength of the companies’ patent portfolios.

Google and Honeywell believe that this patent accord promotes product innovation and consumer choice in the market for smart home products. The agreement fully resolves pending patent litigation between Honeywell and Nest Labs. Terms of the agreement are otherwise confidential.