Apple pays $ 60 million to use iPad name in China

Apple agreed to pay $ 60 million to settle a dispute with a company in relation to the name iPAD in China, announced on Monday a Chinese court, ending a legal dispute of several years of U.S. giant in one of its main markets.Proview Technology Society, which in 2009 had sold a computer called iPad, Apple had reported to various Chinese courts claiming to have rights to that name in China and tried to banning the sale there iPad manufacturer U.S..Following an agreement reached June 25 between the two companies, Apple paid the $ 60 million and last week asked the Court intermediary of the city of Shenzhen (south) to implement the decision of justice. On Monday The court of Shenzhen "sent the China Office of Industry and Trade's decision to transfer the mark to Apple iPad", which means that Proview Technology will have no right to use that name, according to a the High Court of Guangdong. "This means that the dispute between Apple and Proview Shenzhen on the rights of the trademark iPad were resolved satisfactorily," according to a statement on the internet portal of the Court. No Apple responsible for what was available in immediately to discuss the decision of justice in China. A lawyer for Proview, Xie Xianghui, told AFP that the Chinese company, heavily in debt, had wanted in the first time Apple request $ 400 million in damages to abandon their tel name rights, but had finally accepted by practicality, review his claim on low. "We expected to get 400 million dollars in compensation, which would have been sufficient to repay all debts," he told AFP on Monday Xie Xianghui . Proview Counsel admitted that he was under "pressure" to reach an agreement, but did not say why. According Proview, the two sides had agreed to opt for judicial mediation resulver their dispute. By sue sale Apple iPad in several Chinese cities had managed to confiscate the Proview device in at least two of them. Taiwanese Proview The branch had registered the name iPad from 2000 in several countries, including China. Then Apple had bought the rights Proview use that name to the world, but that company claimed that the sale did not apply in China. In February, lawyers for Proview had announced that Apple would seek a process to justice U.S. to ask for two billion dollars in damages. It is rare for Chinese companies to foreign companies accused of violation of intellectual property, the opposite is more common. The great China-including Hong Kong and Taiwan - is the second market Apple in the world behind the United States and knows the fastest growth. The launch of Apple products in mainland China generally occur later than in other countries. The impatience of Chinese customers results in the appearance of a market black for new products and incidents delantes Apple stores the day marks the start of sales.