Faux Luxury-The High Cost of Counterfeit Goods

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Faux Luxury-The High Cost of Counterfeit Goods

Category: Essay

Subcategory: Business

Level: College

Pages: 4

Words: 1100

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The High Cost of Counterfeit Goods
Counterfeiting luxury goods is a global problem, which is depriving the country billions of money. When people knowingly or unknowing are made to purchase a good that are not copyrights of the owner. It may lead to infringement of the laws that protect the people who have produced original work. Also because of counterfeiting products increase, governments have come up with intellectual property laws that are meant to protect people from counterfeits. People should know that it is not good for people to use counterfeit products as they have a lot of adverse effects on individuals, businesses and the nation as a whole.
Intellectual property is a section in the law that helps to protect the rights of the people who make original work. It protects everything from company identification symbols, original novels or plays, and inventions rights. The rights of intellectual property fall into four categories namely trademark, copyrights, patents and design rights. Trademarks involve words, name, slogan, symbol, design, or additional unique device, which can identify an organization or a product. Copyrights relate to recorded work in some way. Copyrights give authors rights over items such as artistic, literary, musical, topological arrangement, sound recording, filming, and drama work. It helps prohibit unauthorized action and allowing the author to pursue legal action in cases of plagiarism or infringement. Li…

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