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Counterfeit consumer goods are goods illegally made or sold without the brand owner's authorization, often violating trademarks. Counterfeit goods can be found in nearly every industry, from luxury products like designer handbags and watches to everyday goods like electronics and medications .
The agreement aims to establish an international legal framework for targeting counterfeit goods, generic medicines and copyright infringement on the Internet, and would create a new governing body outside existing forums, such as the World Trade Organization, the World Intellectual Property Organization, and the United Nations.
Counterfeit t-shirts at a flea market. A counterfeit is a fake or unauthorized replica of a genuine product, such as money, documents, designer items, or other valuable goods. [1] [2] [3] Counterfeiting generally involves creating an imitation of a genuine item that closely resembles the original to deceive others into believing it is authentic ...
The Customs and Border Protection agency, which is in part responsible for enforcing intellectual property rights and upholding trade laws, seized $3.33 billion worth of counterfeit goods in 2021 ...
“The dangers of buying counterfeit products aren’t always obvious,” notes U.S. Customs and Border Protection (CBP), which seizes all manner of such goods in its role as an agency of the ...
Amazon is taking steps to combat the selling of counterfeit products on its platform. Amazon shoppers: Watch out for counterfeit versions of these 17 brand names Skip to main content
These counterfeit goods include numerous things such as labels, stickers, wrappers, charms, cases, tags, and patches. Originally under the act, the penalty for being convicted for trademark counterfeiting was a fine up to $100,000 and a prison sentence of up to five years plus paying attorney fees to the trademark owners.
The term counterfeit is often used interchangeably, although their legal meanings are not identical. Knockoff products are those that copy or imitate the physical appearance of other products but which do not copy the brand name or logo of a trademark. [1] [5] They may still be illegal under trademark laws if they confuse consumers or violate ...