Counterfeit Investigations in Vietnam
Counterfeit investigations in Vietnam can be difficult with a lack of knowledge. Businesses may not be familiar with nation’s laws, civil or criminal proceedings. Likewise they may not even know the best way to investigate. When products become popular the risk for copiers rises. Manufacturers especially have an increase in difficulty managing the threats. Counterfeit operations are rapidly becoming a multi-billion dollar industry.
What is a counterfeit product?
Counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original. This practice is old as ideas. In a market where you can see someone develop an idea, product, or service, become profitable you will inevitably have copiers. Counterfeiters will mimic products which copies those ideas.
What is Intellectual Property?
Intellectual property (IP) is creation in the mind and not necessarily a physical object. However, this idea can create real object and make profit. IP covers a vast range of works such as artwork, inventions, computer programs to trademarks etc.
Why is IP important?
Many jobs require people to spend countless hours developing something from an idea. This is true for any physical or conceptual product. Conceptual ideas in the digital world have value too. Even though this concept might not hold any physical value it doesn’t mean it isn’t valuable at all.
A logo can be a part of a brand. A brand gives products & services more value. This value can make or break a company. Ignoring IP can have significant ramifications. For example, a company has a popular product. Another company takes their logo and also puts it on their product. They make millions of dollars from that logo being on their product.
What about patents?
Patents were one of the first to be recognized as across modern legal systems. Today patents are intertwined into almost every man-made product in existence. By patenting an invention, the patent owner gets exclusive rights over it. This means the inventor can stop anyone from using, making or selling the invention with out explicit permission. For example, someone designs a longer lasting battery. Another person comes along, designs the exact same battery and changes the name.
Where & how do I get protection?
Inventors must decide which territory they want patent protection whether its national, regional, or international protection. Depending on the goals of the inventor it can result in significant fees to get applications approved. To avoid costs of approval with each country, many countries have come together and forged an agreement that allows for regional approval.
The World Intellectual Property Organization (WIPO) that allows applicants to request protection under the Patent Cooperation Treaty which grants protection with every member country participating in the treaty.
How we can help?
We assist clients in identifying possible IP threats internally an externally throughout the supply chain. Once threats are properly identified, the root cause has identified we can provide a clear process to isolate, eliminate the threat, and implement a plan for mitigation in the future.
Customized Investigation
We understand every individual or organization is different which requires a flexible approach to adapt operations for that unique situation. Our team is made up of a diverse group of experts along with a legal team with proven experience. We are flexible in our approach. after that
Root Cause Analysis
You can put a band-aid on a wound, but the band-aid won’t prevent the cause of the injury in the future. To truly determine the best course of action the root cause of the suspected infringement must be identified. This gives our clients a clear picture of their situation so they can take the best course of action to mitigate or prevent a future occurrence. Intellectual property investigations in Vietnam can be a difficult task for any organization and that is why we are here to help. after that
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