Monday, July 2, 2012

Apple Buys iPad Name from Proview

As I wrote a few months ago, a Chinese Company, Proview Technologies, was the purported owner of the iPad name in China.  Well, as suspected, Apple was essentially left with no choice, but to pay to get the iPad name back.  According to reports, after a round of mediation, Apple settled its dispute in the Chinese courts by transferring $ 60 million to an account the court designated.

As you may recall with regard to the dispute, Apple thought it had purchased the global rights to the iPad trademark when it bought Proview's parent company.  Proview, a financially troubled company, disagreed and embarked upon attempting to secure payment for its mark through several lawsuits.  After two years rumbling through the Chinese Courts, Apple finally succumbed.  Apple now owns the iPad trademark in China and may continue with its planned expansion into that market. 

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