Intellectual Property Rights in the Era of Counterfeit Goods

Dec 2022

The industry of counterfeited products has taken shape due to the desire of customers to get hands-on high quality item at reasonable rates. They have great satisfaction in this and this is where the counterfeited goods are made available in the market. Different world markets are full of counterfeited products ranging from cosmetics, electronics, footwear, dresses and many more. This has taken such a shape in the market that counterfeited products are also available for food and medicines. Therefore, it requires having intellectual property rights relating to the counterfeited items.

The main idea behind the products is to offer alternative in the name of the original product. Also, the counterfeited items are available at less than half its original one. This is something what customers look for when they aren’t able to afford the original one at a huge price. The desire to have the counterfeited items has triggered the necessity to come up with such wide variety of items these days in the market.

Why customers opt for counterfeit items?

When customers are buying counterfeit items, they are aware of its quality and the price. Despite low utility of the items, it is desirable for the customers to have the product. This is why the counterfeit items are available in large quantity in the market. It is available for beverages, food, cosmetics, electronic devices and the like options. But one should be careful when using one such item from the market. This is how the counterfeit item market is raising high with serious impact on economy.

Different businesses are coming up with new products in the market and it is important for them to use the intellectual property rights. This is to prevent the problems of counterfeited items. The main idea of using the intellectual property is that they can use the full benefit of the product without letting others do the same. With more of counterfeit items, it indicates that the legitimate businesses are trying to compete with organization who are concerned about intellectual property and running the business without being concerned about tax. This way, it affects the legitimate business due to the increasing presence of the counterfeited items in the market. This is where the intellectual property rights should be implemented to prevent the use of counterfeited items. It shall help to maintain the quality of goods and service offered by the businesses in the market.

Is it good to use counterfeit items?

The counterfeit items poses harmful threats to consumers and these are not subject to regulatory controls of its related original items. The products can result in serious health issues for the consumers of the items. As counterfeiting decrease the value of the actual item, it is necessary to make the suitable use of intellectual property rights. If there is poor enforcement of intellectual property laws, there will be massive increase in the number of counterfeit items. For selling or buying products, there should be correct use of trademarks.

Trending Blogs
Voluntary Cancellation of Trademark Registration
Trademark registration is a timely affair for 10 years, and it is registered as per the Trademark Act, 1999. There are certain rules and laws pertaining to trademarking a symbol for a brand. A proprietor can get a symbol, phrase of the word, or equivalent trademarked to be used for the brand. But there are […]
Read More
Delhi HC’s Ex Parte Order in Coca-Cola Company & Anr vs Glacier Water Industries Ltd.
This is a case of a Delhi High court ex parte proceeding concerning trademark dilution. The plaintiff filed a suit seeking a permanent injunction, damages and to restrain them from passing off their products as that of the plaintiff. The plaintiff also pleaded the court to restrain the defendants from using the mark ‘KINLEY’ and […]
Read More
Intellectual Property Glance
The discussion on intellectual property starts with distributing it into three categories for the same of convenience and clarity. The product of intellectual efforts: The product of intellectual effort could be tangible or intangible encompassing such outcomes as literary creations, artistic creations, books, music, song, dance, drama, sculpture, paintings and even computer programs. It must […]
Read More
US and India to join hands on the grounds of Intellectual Property Rights
After US President Donald Trump’s visit in India from February 24 to 25th February, India and the US have opted for an agreement relating to intellectual property rights or IPR. As a result of this, the cabinet sanctioned MoU with the US pertaining to IPRs, relevant to information and broadcasting as has been stated by […]
Read More
Early-Stage Intellectual Property to Raise More Money
What is Artificial Intelligence? Creation of innovative ideas is what matters the most in running a business. People were least bothered to patent the designs. But with increasing use of almost similar ideas in the businesses, it is of great importance to patent the ideas. This shall help in better growth of the business and […]
Read More
The Big Push to Reform Music Copyright for the Digital Age
Music creators of the present digital age should be aware of the copyright issues better due to different reasons. Music is made available on different websites, and it is necessary to prevent the increasing problem of infringement. Pertaining to this, a number of bills are proposed in Congress that can enhance royalty payment for the […]
Read More
Intellectual Property and its Role in the Pharmaceutical Industry
Intellectual property rights are considered to be an important asset of any corporate unit. It is an indication of the creation of mind and the work that makes one entity different from the other. With better IP or intellectual rights, it would be easy to promote the possible innovations and this would be useful in […]
Read More
The Common Law Protection Of Trade Secrets And The Need For A Statue
Introduction: A trade secret is anything you use in your business that gives you an advantage over your competitors. A trade secret can be a recipe, process, formula, strategy, technique or device that your competitors do not know, do not have, and cannot use. With development in technology, as well as the ease of sharing, […]
Read More
Liability Of Internet Service Providers In Digital Environment
Isp Liability In India: Internet Service Providers (ISPs) can be liable for the content on the sites they host. They can be liable even if they were merely passively hosting the site, unless they take down the objectionable material when they receive notice of it. The Copyright Act and the Information Technology Act includes the […]
Read More
The Clash Of Jurisdiction Of CCI And TRAI
Overlapping Jurisdiction The Competition Act, 2002 read with section 18 of the legislation delegates to the Competition Commission of India (the “CCI”) the duty of “promoting and sustaining competition” in the Indian economy. This implies that the CCI will have principal jurisdiction to regulate conditions of competition in the relevant market of India. Whereas, Section […]
Read More
X
Download Firm Profile