Apple Inc and The Beatles' record label, Apple Corps, have buried the hatchet in their legal feud.

The firms have finally agreed a deal concerning the use of the Apple brand and logos.

Under the new agreement, which replaces a 1991 arrangement, Apple Inc will own all trademarks related to 'Apple' and will license certain of those trademarks back to Apple Corps for their continued use.

The ongoing and long drawn out trademark lawsuit between the companies will now end, with each party bearing its own legal costs. Apple Inc will continue using its name and logos on iTunes.

Apple chief executive Steve Jobs 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 for further disagreements in the future."

Neil Aspinall, manager of Apple Corps, added: "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."

However, there is still no word on whether Apple Corps will make Beatles tracks available for download on iTunes.

Steve Jobs recently drew comments when he played a Beatles track on the forthcoming Apple iPhone at the device's unveiling in January.