Intellectual property rights owners are increasingly feeling the pressure from the counterfeit goods that are invading the global market. Societies worldwide also suffer, as countless people are either slaves to these criminal black marketers or victims of their faulty products. The second part of this two-part feature takes a look at some of the economic and social problems posed by counterfeiting and other IP rights violations.
May 13, 2020
Counterfeit goods can be found in every country in the world, and the fight against counterfeits never ends. Intellectual property rights (IPR) holders normally invest large amounts in tackling this problem to protect their business and reputation. The most effective measure they usually employ to stop ongoing infringements in Vietnam is to conduct administrative actions, or raids.To minimize the risks and maximize the effectiveness of these the raids, IPR holders are advised to follow the steps below.