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Apple To Lose Close To 1 Billion Dollars In Compensation
Published Dec 8, 2011
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Apple has run into a bit of a legal kerfuffle in China over the rights to the name ‘iPad' for its tablets.
A Chinese firm called Proview Technology has served Apple with a legal notice for the infringement of the iPad trademark that it holds in China. Proview apparently held the trademark name on the iPad back in 2000, long before Apple introduced its tablet into the market.
An interesting twist is that Apple was able to get access to the trademark for use in the UK. Fox News reported that Proview Taiwan had sold the global trademark to a separate company in the UK who then transferred the trademark to Apple. The iPad name in China though was not part of the sale to the UK firm, and Proview still holds the rights for the name.
A court in China has ruled that Proview is the legal owner of the trademark in China , and hence Apple has violated the trademark by selling iPads in China with the same name. Proview is seeking more than $1 billion in compensation from Apple in the trademark infringement suit.
Posted by
VMD - [Virtual Marketing Department]
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