Apple agreed to pay $ 60 million to end a dispute and have the right to use the iPhone name  in China, announced a Chinese court, which closes a legal conflict of several years of American business in one of its major markets.

The Proview Technology company, which by 2009 had sold a computer named iPad,  has denounced Apple in various Chinese courts with the allegation that it had rights to use the brand in China and tried to forbid the sale on American country.

After an agreement reached on June 25 between the two companies, Apple paid $ 60 million and last week asked the court of the city of Shenzhen (southern China) to apply the decision.

On Monday, the court sent the Shenzhen branch of Chinese industry and commerce the decision to transfer the mark to Apple iPad, which means that the Proview Technology will no longer have the right to use the name.