Apple pays $60 million to settle iPad trademark dispute with WeiGuan

 The problem of trademark between Apple and Shenzhen WeiGuan company begin in 2010, at that time, Apple in shenzhen intermediate people's court Shenzhen WeiGuan, asked to confirm the iPad for the exclusive rights to use a trademark.

Apple, thinks that the company through the British IP company in the WeiGuan to buy in the European Union, China, Singapore and other seven countries and regions of the ten of the iPad trademark rights in 2009, but only in champions league now refused to honor the agreement China trademark rights involved.

Shenzhen intermediate people's court in February 23, 2011, on August 21, October 18, three times after hearing, in December 5, 2011 a verdict: rejected apple's lawsuit. Then, Apple appeals to the higher people's court.

February 29, Guangdong higher people's court heard the case in public, but be not convicted. Then, in Guangdong under the chairmanship of the high court, both sides began to accept mediation.

Guangdong Supreme Court's latest news means that apple had and Shenzhen WeiGuan is officially a settlement iPad trademark rights. And it also meant that the apple iPad will soon in new in China market.