Victoria Beckham has reportedly extended an olive branch to her estranged son Brooklyn as she transfers back the trademark to his own name.
In the aspiring chef's bombshell statement in January, Brooklyn claimed that his parents 'attempted to bribe me into signing away the rights to my name, which would have affected me, my wife, and our future children'.
The Daily Mail subsequently revealed that it was Victoria, 52, who solely owned the trademark to Brooklyn Beckham's name, as well as her other three children.
Documents lodged with the UK's Intellectual Property Office showed that in December 2016, Victoria took out the trademark in her son's name, but when that expires in December of this year Brooklyn will be free to renew using his own legal team.
And it has now been revealed that Victoria has actively completed the paperwork meaning all three of her sons will legally own their individual names.
A source said that David and Victoria put their children's names in trademark to protect their brands when they were younger.
Victoria Beckham has extended an olive branch to her estranged son Brooklyn as she 'transfers trademark back to his own name'
In the aspiring chef's bombshell statement in January, Brooklyn claimed that his parents 'attempted to bribe me into signing away the rights to my name, which would have affected me, my wife, and our future children'
They explained: 'Now each of the boys is an adult with their own careers and businesses, the trademarks will transfer to them next month at the point of renewal.'
They told The Sun: 'This wasn’t simply a passive renewal though; Victoria actively sought to ensure the smooth handing over of trademarks as soon as she received the documentation requests.
'Obviously Brooklyn has made his previous frustrations known, but hopefully this will put that all to bed. At Christmas – and as ever – of course the hope remains there will be meaningful reconciliation in time.'
The Daily Mail has contacted Beckham's representatives for comment.
The original trademark covered classes of goods including cosmetics and aftershaves, clothes, shoes, sportswear, hats, toys, TV shows and music.
In his statement, Brooklyn claimed: 'They were adamant on me signing before my wedding date because when the terms of the deal would be initiated.
'My holdout affected the payday, and they have never treated me the same since.'
A source added to Page Six: 'Before Brooklyn and Nicola were married, Victoria called Brooklyn and said, "Daddy has a very big deal, you need to sign this contract".'
An industry insider, however, said the deal with Authentic Brands Group was tied to David selling a majority stake in his brand management company, DB Ventures, for $269million in 2022, and meant nothing negative for Brooklyn.
'The agreement that Brooklyn was asked to sign was to protect his rights because his parents have commercial partners who have some rights over the Beckham name, and so it ensures that the kids are carved out of that, of course,' said a Beckham insider at the time.
A source said: 'This wasn’t simply a passive renewal though; Victoria actively sought to ensure the smooth handing over of trademarks as soon as she received the documentation requests'
'It's entirely standard and is to protect the family. Brooklyn chose not to sign the agreement, but it makes no difference, as of course no one would ever restrict his rights.
'Sadly, by then, Brooklyn had gotten rid of all his own advisers and was only listening to the Peltz lawyers who perhaps either didn't understand the agreement or were being deliberately obstructive.'
In 2000, the former England captain registered ‘David Beckham’ as a trademark, while ‘Victoria Beckham’ was trademarked in 2002 as the former Spice Girl embarked on a solo music career.
The Beckham family fortune is now estimated to be around $673million, however this is dwarfed by the net worth of Nicola's father Nelson Peltz – which is an estimated $1.6billion.