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Apple Inc. and The Beatles’ Apple Corps Ltd. Enter into New Agreement | |
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||
| Time: 00:03 EST/05:03 GMT | News Source: Apple | Posted By: Erick Cordero | ||
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Apple Inc. and The Beatles’ company Apple Corps Ltd. are pleased to announce the parties have entered into a new agreement concerning the use of the name “Apple” and apple logos which replaces their 1991 Agreement. Under this new agreement, Apple Inc. will own all of the trademarks related to “Apple” and will license certain of those trademarks back to Apple Corps for their continued use. In addition, the ongoing trademark lawsuit between the companies will end, with each party bearing its own legal costs, and Apple Inc. will continue using its name and logos on iTunes®. The terms of settlement are confidential. | ||
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