Apple Inc. & Beatles Apple Corps. Ltd. Reach Legal Agreement

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.

Commenting on the settlement, Steve Jobs, Apple's CEO said, "We love the Beatles, and it has been painful being at odds with them over these trademarks. It feels great to resolve this in a positive manner, and in a way that should remove the potential of further disagreements in the future."

Commenting on the settlement on behalf of the shareholders of Apple Corps, Neil Aspinall, manager of Apple Corps said, "It is great to put this dispute behind us and move on. The years ahead are going to be very exciting times for us. We wish Apple Inc. every success and look forward to many years of peaceful co-operation with them."

News source: Apple

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Yea, this certainly does look positive. For Apple Computers. Apple Corps will now have to license the Apple logo for use with their label? So now they have to pay for their own logo? How is this positive? Like I said in another thread, Apple has become way to arrogant.

Steve Jobs will probably go around saying that he created that logo and owns the rights to it. They seem to be claiming they make more than they actually did - the mouse for instance.

Perhaps this means we'll soon see a Special Edition Beatles iPod. I only hope they offer an 80GB version.

Apple seems to have a lot of issues with trademarks, don't they? :P

Not sure which side they're on this time however.. lol

Now if the band The Doors can settle their lawsuit against MS for Windows over using names of parts of a house that can open, then the world would be at peace!

Thats a joke, by the way, albeit a bad one!