Write a short note on Unfair Competition of Intellectual Property.

Write a short note on Unfair Competition of Intellectual Property.

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Write a short note on Unfair Competition of Intellectual Property.

SOLUTION:

Unfair Competition of Intellectual Property:

• Unfair competition in commercial law refers to a number of areas of law involving acts by one competition or group of competitors which harm another in the field and which may give rise to criminal offenses and civil causes of action.
• E.g. Trademark Infringement using the coca cola trademark on a soda container manufactured by a competitor.
• False advertising such as making false claims about a drugs abilities to promote Weight Loss.
• Unauthorized substitution of one brand of goods for another such as substituting a low cost handbag for a designer handbag.
• Misappropriation of a trade secrets such as stealing a competitor’s soft drink formula.
• The unfair competition prevention law is directed to maintaining fair competition between companies.