Negative Effects of Counterfeiting — Brands Must Know!

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1 min read

The theft of intellectual property is at the core of counterfeiting, a criminal offense. A trademark, for example, helps you recognize the products of companies of all sizes. In order to identify the source or origin of a specific product or service, trademarks may be used in several different ways.

Counterfeit goods are items that are made using intellectual property that belongs to another company without the owner’s permission. In order to steal a company’s good name and goodwill, counterfeiters create or sell knockoffs of its intellectual property.

Counterfeiting is considered a criminal offense because it involves false imitations (or forgeries) of well-known brands.Read more