In a move to have an amicable settlement between iPod maker Apple Corporation and British music label Apple Inc, the two companies met as equals and fostered a deal which would pave the way for the gadget company to use trademarks when necessary.

The two firms have been embroiled in a dispute for years now and have recently come to terms. Reports say that under the new deal, the California company can now legally use the word "Apple" on its products and iconography whenever needed.

Apple Inc, which handles the rights for proprietary Beatles music, has apparently allowed Apple corporation to use and peddle the digitalized content on its online music store iTunes.

The acts could mean a shift of custodianship as far as the Beatles music is concerned as the Atlantic counterparts sealed the deal through several meetings involving the US Patents and Trademarks Office and lawyer Thomas La Perle. Monetary details on the settlement has not been publicly disclosed so far.