‘iPad’ Trademark Dispute Settled
Apple has successfully settled a dispute over the ‘iPad’ name in China with a settlement figure of £38M.
Technology firm ‘Proview’ had taken Apple to court over use of it’s trademark which was registered in China in the year 2000.
Apple however claims to have acquired the worldwide rights to use the name ‘iPad’ in 2009.
In 2009, Apple had acquired the rights to the trademark from Proview’s affiliate, but Proview has argued that their affiliate didn’t have the rights to sell this.
Whilst the dispute took the iPad off the shelves in some parts of China for a short while, Apple gave in and agreed to pay Proview $60 to settle the dispute and bring it’s flagship product back on sale.