Business wise I suspect this to be a touch of genius. However I cannot believe the world I live in sometimes. My thoughts are that this is utterly ridiculous, surely this iPad is part of your compensation package and as such this is un ethical.
http://www.hmsolicitors.co.uk/serious_injury/ipad_terms_and_conditions
http://www.hmsolicitors.co.uk/serious_injury/ipad_terms_and_conditions