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Negotiations continue between Apple and Proview to resolve a copyright dispute over the iPad trademark registered by Proview in China. Their beginning was previously reported by the Xinhua news agency, citing Proview lawyer Xie Xianghui.
A few days later, details appeared about the negotiations and the intentions of the parties. Apparently, Apple preferred "a bad world to a good war" and offered an additional payment to the amount previously transferred for the brand, although before that it claimed that it had paid in full for the iPad trademark, and the concluded agreement is valid throughout the world. The rights to the iPad brand, as you know, were acquired by an American company from the British firm IP Application Development, Ltd, which, in turn, in 2021. bought the brand "IPAD" from the Taiwanese subsidiary Proview Taipei for 35 thousand British pounds ($ 55,000).
According to the Chinese resource Beijing Times, the amount of the surcharge proposed by Apple is 100 million yuan (about $ 16 million). For Proview, this amount, according to informed sources, was not enough. Chinese company burdened with debt refuses. Her counter offer - $ 400 million. Note that in February, in a lawsuit filed in the highest court of California, Proview demanded to pay compensation for the brand in the amount of $ 2 billion. However, Judge Mark Pierce refused to accept the suit for consideration due to the fact that the parties previously agreed to resolve all differences at the meetings in Hong Kong.
Passions are growing as one of Proview's creditors, Fubon Insurance, to which the Chinese company owes $ 8.68 million, has already submitted a request to begin liquidation of the debtor.
- Apple offered compensation to Proview for ditching the iPad brand;
- Chinese leadership believes the iPad brand is legally owned by Proview;
- Chinese Court Suggests Proview and Apple Agree Peacefully on iPad;
- Apple failed to defend the rights to the iPad brand in China.