The Problems Of Intellectual Property Rights

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

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

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

The World Intellectual Property Organization (n.d.) helps one understand the importance of protecting intellectual property. They have spelled out several reasons of this importance including inventing new works in technology and culture, which allows progress to be made that, can be utilized worldwide. In addition, the legal protection of intellectual property encourages the commitment of additional resources for further modernization. Finally, promoting and protecting intellectual property encourages economic growth. It creates new jobs and industries. Protecting intellectual property also enhances the quality and

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

Intellectual property represents ideas created by minds of humans that require certain rights for their use. Intellectual property gives companies a competitive advantage and attracts the attention of other business partners and investors (Lee, 2016). With such importance, it is necessary for the law to protect these ideas from being used by unauthorized individuals. To shield from this, trade secrets, patents, and copyrights are used to protect the ownership of intellectual property (Legal Information Institute).

TCOs play a key role in the production and distribution of counterfeit products and engage in this activity because it produces high profits comparable to other illicit activities such as drug trafficking but with a greatly reduced risk for prosecution and penalties associated with these types of crime. Evidence has been gathered to prove that numerous well-known TCOs from such countries as Italy, Japan, and Hong Kong have engaged in the counterfeit products business with a direct link to other illicit activities from these groups such as money laundering. Many of these TCOs have the tactics, techniques and procedures to manufacture, distribute, and sell counterfeit products on a global scale through their other illegal activities such as drug,

There is such a legal concept as "intellectual property". Intellectual property is defined as the creation of any intellectual innovation by an individual such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. The law provides him exclusive rights to this innovation and is strictly against theft or plagiarism in any way. Innovators can safeguard their property by one or more of the following: copyright, trademarks, patents, industrial design rights and in some jurisdictions trade secrets.. Copyrights, patents, and trade secrets are each authored by different Offices. Each is based on the Laws of Commerce. (LII. Intellectual property). Cultural attitudes, in fact, esteem words and knowledge above that of certain other property, since knowledge is something that cannot be as easily duplicated as, for instance, an article of common furniture can. To illustrate the veneration that contemporary society accords intellectual invention, software is more expensive and valuable than hardware sink the

The depth of China’s involvement in intellectual property theft is far greater than I would have ever expected. Prior to taking the business law course, I never thought about what intellectual property theft was or the impacts that it has. The report of the Commission on the Theft of American Intellectual Property, states that “China is the world’s largest source of Intellectual Property theft” (pg 10 & 11) costing the American economy hundreds of billions of dollars per year, along with millions of jobs.

If you have been or are experiencing counterfeiting, there is a number of different things that you can do in order to stop it. You would have to watch the market, collect as many samples as you can and contact the local police or even the government to make them aware that counterfeiting is happening at that particular factory. The local police wouldn’t actually care that much because they wouldn’t dare to make their relatives or friends unemployed, therefore the best way is to contact the government and the embassy. You could also fight it by making your consumer’s aware of the problems and by making your products unique, so there in the end will be a difference from the real product to the counterfeited product. For example, many exclusive handbags from Chanel, Prada etc. has marked their products with numbers of the date that they have been produced and what series the product has. This is printed into the bag so the consumer will know that this is the real thing. Therefore make sure to make unique details that are impossible to

This site contains information on China's patent and copyright law. It goes on to discuss some ethical issues about China's lack of law enforcement on intellectual property protection.

seizures, with an alarming 80% of the total valued sized; it makes China the greatest counterfeiting country in the world. India is the second source for IPR seizure, with its main trading product, the imitation of pharmaceutical goods (Maxwell, 2009) (Lewis, 2011). There are many adverse effects that counterfeit trade involves. From the business perspective, the most common effect are the loss of credibility of the company’s name, the loss of money and time invested in research and development and of course the profits that companies lose due to counterfeit product (Lewis, 2011). To the country economic area represents an annual loss of millions of dollars (250 billions per year in USA) and loss of jobs (750,000 in the last year)(Lewis, 2011). To the countries safety, counterfeit trade is the perfect scenario for laundering money, funding terrorists and organized crime groups and to creating methods of terrorist attacks.

Though rarely given enough attention in the press, the global network of counterfeited goods such as prescription drugs, watches, and handbags have become a serious problem in the world. This economic network impacts transnational economies than almost any other force because... The film Illicit: the Dark Trade draws attention to this growing problem that affects our now globalized economy. Also, the movie is an adaption to Illicit the novel written by Dr. Moisés Naím. The film explores a maze of illegal activities and provides evidence supporting the idea that the sale of counterfeited goods results in government instability, money laundering, corruption and a host of other problems around the world that globalization has brought upon

Firstly, with laws to protect intellectual properties, it prevent and stop other companies from commercially using the protected intellectual properties in the marketplace, allowing the owner company to control the usage of their original

Markets and shops across the country are flooded with smuggled goods of any and all descriptions. Smuggled items through the borders of Iran, Afghanistan, China and the Afghan transit trade form a major part of the informal economy volume of which ranges between 50to60 percent of the formal economy, which is depriving the country of its rightful levies including excise and customs duty worth hundreds of billions of Rupees.