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This paper seeks to put across a basic concept of how counterfeit goods better termed as knockoffs is not just a copy of the original, but it also indeed infringes a brands intellectual property rights. But the worse effect of these counterfeits, which turns to have a more deepening and negative impact on the society also which is overtaking the world’s economy in a jiffy and thereby providing criminals a sure shot source of income. We shall focus on what exactly one means by counterfeit goods, in what numbers are they out in the market, which U.S. laws and agencies help prevent this and some controversial cases that were in the spotlight. Sure a penny saved in a penny earned, but not in the case of buying a counterfeit... |
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