Stubb’s, the renowned barbecue joint and live music venue, will soon change its name to resolve claims made in a trademark lawsuit filed nearly two years ago.

That suit was filed by One World Foods, the company that makes Stubb’s-branded barbecue sauces, marinades and rubs. It was filed shortly after One World was acquired by Maryland-based food industry giant McCormick and Co. as part of a $100 million deal.

The dispute arose when additional Stubb’s restaurants popped up at Graceland Grocery, 8600 W. U.S. 290, and at Lala’s Little Nugget, 2207 Justin Lane. One World claims they weren’t covered by "an oral license" that allowed for the original Stubb’s on Red River Street and a catering operation at Mean Eyed Cat, 1621 W. Fifth St., to operate.

It’s not immediately clear what the Stubb’s restaurants will change their name to or when that change will occur.

"As a result of the sale of One World Foods in 2015, we will now begin a process of phasing out the name ‘Stubb’s,’" Stubb’s Austin Restaurant Co., operator of the Stubb’s music venue and restaurants, told the American-Statesman. "While the name will change, it will still be the same owner/operator, same live music, same cold beer and great food for years and years to come."

The suit, according to One World, was "mutually resolved," although specific terms — aside from the impending name change — weren’t disclosed. The agreement will allow "the restaurant and venue to live on and allow the Stubb’s brand of products to expand and grow," One World said in a written statement provided to the Statesman.

"The parties ultimately agreed that going forward, One World Foods will have the exclusive ownership and right to use the Stubb’s brand," One World said. "Stubb’s Austin Restaurant Company will be phasing out its use and display of the various Stubb’s trademarks."

Now that ownership of the name has been decided, One World said it is considering opening Stubb’s-branded restaurants of its own.

"Austin is the home of Stubb’s Legendary Bar-B-Q products. We … hope to return the Stubb’s brand to an Austin location in the future. The brand’s heritage is tied to the city and the company’s headquarters will continue in Austin.

"The founder of Stubb’s products, C.B. Stubblefield, was a cook. He loved making food, especially authentic Texas barbecue. He wanted the flavors he created to bring love and happiness to people’s lives, and our aim is to follow that lead. We’re proud to have C.B. Stubblefield’s grandsons on our team to continue that mission, and we’re confident many, many more people will love the Stubb’s family of products."

This a developing story. More details to come.