Apple Corps Limited (Corps), the record company formed by the Beatles, and Apple Computer Inc. (Computer), the US hardware and software company, have settled their longstanding dispute about Computer’s use of its “Apple” logo in connection with its iTunes music download service.

Corps, which also has an Apple logo, had issued proceedings claiming that such use infringed the terms of an agreement it had reached with Computer in October 1991. This claim was rejected by the High Court in May 2006 and Corps had indicated that it intended to appeal.

According to a press release by Computer, they have entered into a new agreement with Corps regarding the use of the “Apple” marks, under which Computer will own all the trade marks related to “Apple” and licence some of them back to Corps.