The ongoing legal tussle betwixt Apple and Proview Technology has taken yet another turn following news that the Chinese monitor manufacturer is willing to settle with the American titan regarding the hotly contested iPad trademark.
According to Xie Xianghui, who is serving as legal representative for Proview, both parties in the dispute are “still able to sit together and reach an out-of-court settlement.”
The two technology players have been banging heads in the courtroom since Proview claimed rights to the iPad name in China—even though Apple had previously purchased global rights from the LCD specialist back in 2009 for (just) $55,000 USD.
According to Apple, its global rights for the iPad name do indeed include China but Proview has failed to transfer those regional rights as outlined by the agreement. Meanwhile, Proview is claiming that the 2009 deal was not legally binding.
Proview’s hint regarding an out-of-court settlement comes after a court ruled against Apple on the matter, prompting retailers and resellers in several Chinese cities to begin yanking iPads from their shelves in order to avoid confiscation.
Apple, which has not offered any official comment, is appealing the distribution decision at the High Court.