Intellectual Property Essay

As globalisation brings in new and various products, counterfeit goods also spread quickly. This has a negative influence on local retailers and trademark owners by taking away part of their local market share, taking advantage of the designs of a brand’s

Gucci has trademarked more than 21 registered trademark which consist of the word “Gucci” and other symbols. Defendant Wang Huoqing who resides in China has register, establish, and at that time maintain more than 24 counterfeit goods website such as, bag2do.com, bagdo.com, ibagto.com, my4shop.com, and ebagdo.com. This websites offer counterfeit goods with Gucci marks and name on a significantly lower quality compared to the genuine counterparts.

Totally contrary to enthusiastic claims that fake handbags and other counterfeit goods are indistinguishable from the originals, in fact these knock-off products typically leave a lot to be desired. The real items are usually individually handmade from the best materials using only the most perfect stitching, while fakes are mass produced. In addition, the counterfeit industry is tied to the globalization of organized crime, so the money people spend on forgeries while being pleased at their savings ends up in the pocket of a thief at best, and the mob, terrorists, or drug cartels at worst. In short, even if cultural relativism is taken into consideration, it is difficult to say that counterfeiting actions are in any way going to improve the

sheer enforcement will be expensive and not worth it in the net profit. Having people make better

The most efficient way for consumers to get what they want is through the ‘market’, not the government, but businesses have more power than their customers. Some businesses can and will use abuse this power and cheat and steal from consumers to make money. Because of this, the government regulates the behaviour of businesses to have a market economy that functions properly. These laws mainly protect consumers against; misleading/deceptive representations, unconscionable conduct, unfair contracts, and unsafe goods and/or services. To protect consumers, different legal and non-legal approaches have been taken.

For a long time we have strived to protect what we have made from the hands of those who steal. Nowadays we have a huge problem with infringement and that is due

Counterfeiting is quite the popular industry. That is, it seems as though almost everyone has a counterfeit good these days, or at least a friend or family member does. These unique booths are constantly crowded with people just dying to get the best deal on a knockoff item so they can show it off to their friends as the real thing. However, these people don’t realize the actions they evoke when they support these industries. Most counterfeit industries rely on child labor and human trafficking to

Drug counterfeiting is a critical issue confronting the global pharmaceutical industry, health providers, patients, and governments worldwide. According to the World Health Organization (WHO), a counterfeit medicine is one that is "deliberately and fraudulently mislabeled with respect to identity and/or source. Counterfeiting can apply to both branded and generic products and counterfeit medicines may include products with the correct ingredients but fake packaging, with the wrong ingredients, without active ingredients or with insufficient active ingredients."(Enyinda and Szmerekovsky, 2008; Qu, 2010).

Violations that threaten legitimate trade comes in all shapes and items, "piracy is high in payoff and low in risk for both groups, often taking place under the radar of law enforcement"(Treverton et al, 2009 iii). Just this past Christmas there was and it still is a big deal about hoover boards. It is believed that some of the boards are counterfeit with cheap and unregulated parts, and these appear to be the ones catching on fire. You can actually view one catching fire on YouTube. Several schools and universities have made them illegal to ride on campus because of this danger. All kinds of products can be duplicated or a knockoff but carry a certain name brand, such as Citizen or Rolex watches and more of the common ones you may see

Counterfeiting does not only happen in the United States, but in other parts of the world as well. Jills Jusko reported that “back in 2006, more than $155 million in counterfeit goods were seized by the U.S government. The goods came from China, 81%, Hong Kong, 6%, Taiwan, 1%, Pakistan, 1%, Korea, 1%, and from other places, 10%” (2007). This causes a negative economic effect

Fеdеral can promotе its products in thе intеrnational markеt. Products that should bе sold by authoritiеs will bе еxaminеd in vеry dеtail and world will havе good trust on thе gradе of product.

Online piracy is commonly referred to as a threat to businesses in the creative industries. The WTO Agreement on Trade-related Aspects of Intellectual Property Rights (a.k.a. “the TRIPS” agreement) defines piracy as:

Julian Sanchez, research fellow at the Cato Institute, provides an interesting outlook on the issue of piracy, and what should be done. He compares the actions taken in the movie and television industry to prevent piracy by stating:

In addition, the widespread financial gap between the costs of production of originals and knockoffs causes design piracy to have some economic ramifications. Because the knockoff designs are manufactured at lower costs, they tend to sell for much less; for example, a replicate might sell for up to one-third the price of the original design (Wilson). This lowered price, combined with the fact that the copied design would hit store shelves first, causes consumers to deviate more

When we use our mind as the intelligent humans we are, sometimes out of that comes Intellectual property. Intellectual property is an idea that was created by one with the intention to trademark, copyright or patent the creation they have made. There are many forms of intellectual property that exist ranging from artistic sides to mechanical sides and etc. With those many forms intellectual property is broken down into two factions, industrial property and copyright in which all the forms of intellectual property lye somewhere in those two factions. To understand intellectual property a little more we need too look at the two and break down the factions. Also take a look at the protection and the laws that pertain to copyright, trademarks, and patents.