Patents, trademarks, designs as well as other industrial property rights confer the holder exclusive rights. Namely, the holder has the possibility to prevent third parties from:
• Exploiting a patented product or process;
• Using the same or similar trademark for identical or similar products;
• Using the protected design.
Regarding COMPANIES, counterfeiting produces a strong fall in revenue as well as huge non-asset loss in addition to the costs associated to the necessary research and protection of the industrial property rights.
Regarding CONSUMERS, counterfeiting is a serious threat to health and safety. It has been increasing in the medicine sector, vehicle components, food, toys, personal use products, electronic devices and household goods.
Regarding GOVERNMENT, the phenomenon has negative results at economic and financial level (generating tax revenue losses, market disturbance, loss of confidence of economic agents, reduction in innovation investment and in economic growth) as well as at social level (increase in unemployment, illegal work, and illegal immigration).