IT Business News Network was informed that the Guangdong Provincial Higher People's Court disclosed that Apple and Proview's iPad trademark case has reached a settlement, Apple will pay 60 million US dollars to Shenzhen Proview.
The lawsuit between Apple and Proview has always been of great concern. After Apple introduced the Tablet PC iPad and swept the world, Shenzhen Proview and its creditors obviously realized the value of the iPad trademark that the former had in mainland China. The iPad sells well in China, but the ownership of the iPad trademark in China has made Apple and Shenzhen Proview unreserved. This has led to the case of iPad trademark ownership that can be described as a global concern.
Analysts had said that after all, now Apple and Shenzhen Proview have reached an agreement on the choice of "reconciliation". "There is no benefit to anyone who wins and loses this trademark case. Reconciliation is the most appropriate method."
Shenzhen Intermediate People's Court delivered a ruling on the transfer of the iPad trademark to Apple and a notice of assistance in execution to the Trademark Office of the State Administration for Industry and Commerce today. This means the end of the iPad trademark dispute between both parties. The Higher People’s Court of Guangdong Province stated that in the case of the iPad trademark, both Apple and Proview both had a willingness to mediate, and both parties confirmed that they resolved a dispute on iPad trademark ownership with a total of US$60 million and signed a coordination agreement. Effective on June 25. Apple transferred 60 million U.S. dollars to the designated account of the High Court of Guangdong, and on June 28, applied to the Shenzhen Intermediate People's Court of the first instance court of the case to enforce the aforementioned civil mediation document.
Proview was established in 1995 with a registered capital of US$50 million. In January 2000, the company applied to the Trademark Office of the State Administration for Industry and Commerce of China to apply for registration of the iPad, and was registered on June 21 of the same year.
The lawsuit between Apple and Proview has always been of great concern. After Apple introduced the Tablet PC iPad and swept the world, Shenzhen Proview and its creditors obviously realized the value of the iPad trademark that the former had in mainland China. The iPad sells well in China, but the ownership of the iPad trademark in China has made Apple and Shenzhen Proview unreserved. This has led to the case of iPad trademark ownership that can be described as a global concern.
Analysts had said that after all, now Apple and Shenzhen Proview have reached an agreement on the choice of "reconciliation". "There is no benefit to anyone who wins and loses this trademark case. Reconciliation is the most appropriate method."
Shenzhen Intermediate People's Court delivered a ruling on the transfer of the iPad trademark to Apple and a notice of assistance in execution to the Trademark Office of the State Administration for Industry and Commerce today. This means the end of the iPad trademark dispute between both parties. The Higher People’s Court of Guangdong Province stated that in the case of the iPad trademark, both Apple and Proview both had a willingness to mediate, and both parties confirmed that they resolved a dispute on iPad trademark ownership with a total of US$60 million and signed a coordination agreement. Effective on June 25. Apple transferred 60 million U.S. dollars to the designated account of the High Court of Guangdong, and on June 28, applied to the Shenzhen Intermediate People's Court of the first instance court of the case to enforce the aforementioned civil mediation document.
Proview was established in 1995 with a registered capital of US$50 million. In January 2000, the company applied to the Trademark Office of the State Administration for Industry and Commerce of China to apply for registration of the iPad, and was registered on June 21 of the same year.
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