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

Hear From Our Clients

Mr. Skolnik and Mr. Gaboury have represented me on multiple cases over the past two years. They are dependable, knowledgeable, and professional. They provided high quality legal guidance for my small business during a difficult time and brought me a peace of mind. I highly recommend Cox Padmore Skolnik & Shakarchy as your legal business representative. -Anonymous

Read More Reviews

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Tap To Request An Exploratory Consultation

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

Phone: 646-355-1648
New York Office Map

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

Phone: 646-355-1648
Great Neck Office Map

Hackensack Office
27 Warren Street
Suite 304
Hackensack, NJ 07601

Phone: 646-355-1648
Hackensack Office Map

Denver Office
1060 Humboldt Street
Denver, CO 80218

Phone: 646-355-1648
Denver Office Map