Cox Padmore Skolnik & Shakarchy LLP
866-716-3813
Menu

Small businesses are often harmed by intellectual property theft

Most business owners understand that they must patent, copyright and/or trademark important intellectual property related to the functioning of their businesses. However, the interest of intellectual property holders is not always protected simply by the act of patenting, trademarking or copyrighting work domestically. In particular, small businesses are increasingly targeted for intellectual property theft, precisely because many small businesses believe that they do not have the resources to properly protect their intellectual property or enforce their rights.

An example out of the Midwest involves a rubber supply and service outlet that manufactures parts for floor scrubbers using a unique red rubber. The rubber is trademarked for use by the company's Malaysian manufacturer, but was not initially protected in the global market in any other way. Counterfeiters have now taken not only the rubber but also its trademarked name. The counterfeit rubber is now being sold throughout the world at dramatically reduced prices. The Midwestern company is being forced to match counterfeit prices in the global market just to retain a share of its own property.

Unfortunately, this scenario is not uncommon. According to the International Trade Association, intellectual property theft is one of the most pressing and widespread problems that small business exporters are experiencing in today's marketplace.

However, unlike corporate giants, small businesses do not always prepare for the impact of potential intellectual property theft. Consulting an experienced attorney may help businesses both prevent intellectual property theft and enforce property rights in the event that intellectual property is stolen.

Source: Star Tribune "Intellectual property theft hurts small businesses," Dee Depass, Nov. 3, 2012

No Comments

Leave a comment
Comment Information

Consult Our Skilled, Pragmatic Manhattan Commercial Litigation Attorneys

Tap To Request An Exploratory Consultation ยป

Entrepreneurial, Corporate and Individual Legal Services For Domestic And International Clients

To Request A Consultation By Phone, Call: 917-512-4332 (NY/NJ) | 917-512-4332 (CO) | 866-716-3813 (Toll Free)

New York Office
630 Third Avenue 19th Floor
New York, NY 10017

Toll Free: 866-716-3813
Phone: 917-512-4332
New York Office Map

Great Neck Office
98 Cutter Mill Road, Suite 310N
Great Neck, NY 11021

Toll Free: 866-716-3813
Phone: 917-512-4332
Great Neck Office Map

Hackensack Office
27 Warren Street, Suite 304
Hackensack, NJ 07601

Toll Free: 866-716-3813
Phone: 917-512-4332
Hackensack Office Map

Denver Office
1060 Humboldt Street
Denver, CO 80218

Toll Free: 866-716-3813
Phone: 917-512-4332
Denver Office Map

  • google plus
  • facebook
  • twitter
  • linkedIn
  • Review Us