I almost didn't believe this when I first read the press release announcing that an iconic Milwaukee steak house and Jimmy Buffet had recent interactions, but after a little more investigating, it appears to be true.

Five O' Clock Steak House, formerly Coerper's Five O'Clock Club, announced it came to an agreement for an undisclosed amount of money that would allow musician Jimmy Buffett to name his new restaurant "Five O' Clock Somewhere."

According to Amanda Behrman from Behrman & Associates, "The Five O'Clock Steak House in Milwaukee owns the rights to and was the first to trademark any bar or restaurant which uses 'Five O'Clock' in it's name."

Stelio Kalkounos, managing partner of Five O'Clock Steak House, said in a statement the arrangement was amicable.

"When we learned Jimmy Buffett was opening the 'Five O' Clock Somewhere' concept, we quickly seized the opportunity to work together with Mr. Buffett instead of moving forward with a potentially adverse route," he says.

"The agreement allows Mr. Buffett to use the 'Five O' Clock' name in a manner where it will not be confused with our 'Five O' Clock Steak House' trademark. We are elated to announce this arrangement with Mr. Buffett and believe it constitutes a win for all parties involved."