What do you mean by parallel imports?

What do you mean by parallel imports?

Parallel imports (or gray market goods) refer to branded goods that are imported into a market and sold there without the trademark owner’s consent in that market.

Is it safe to buy parallel imports?

Purchasing a parallel import, although not illegal, does place you at risk, which could include that: The importer/seller will likely not assist with the replacement or refund faulty goods. You will have to locate and send the product back to the original manufacturer – an often impossible feat.

Is parallel importing legal?

Parallel imports are not illegal in Australia. Australian distributors may not be able to rely on the Trade Marks Act as previously to restrict parallel imports. However, they are able to rely on Australian consumer law, customs law, and their distribution agreements as a means to prevent parallel imports.

Are parallel imports the real thing?

Parallel imports are often confused with pirated or counterfeit goods. Parallel imports are genuine. Pirated or counterfeit goods are fake versions made by people other than the original manufacturer.

What is parallel import on Amazon?

In a nutshell, a parallel import is an item that’s brought into another country where the seller of the product hasn’t sought permission from the trademark owner. It’s important to note that a parallel import does not include counterfeit goods, like bootleg copies of things like DVDs or electronic products.

What causes parallel imports?

Parallel import occurs when the original products (and not counterfeit products) are imported cheaply to a country without the authorisation of the product owner who has intellectual property (IP) rights over the products.

Is parallel trading illegal?

In the United States, courts have established that parallel importation is legal. In the case of Kirtsaeng v. John Wiley & Sons, Inc., the US Supreme Court held that the first-sale doctrine applies to copies of a copyrighted work lawfully made abroad, thus permitting importation and resale of many product categories.

What is parallel imported drugs?

Parallel import of pharmaceuticals is when original medicine is imported from another EU/EEA country and sold in Denmark on par with the original manufacturer’s Danish packaging. The medicine is bought from wholesalers abroad who have been approved by the medicines agency in the respective sourcing country.

What is parallel import on Kindle?

What is parallel selling?

Parallel importing, also known as grey or direct importing, occurs if your business sells products directly to consumers or businesses in Australia outside of the formal manufacturer distribution channels.

What is parallel import in patent?

Parallel import means that patented or marked goods are purchased in a foreign market and resold in the domestic market. It means that the patent or the trade mark holder can prevent the importation of the product in the market where he is owner of the intellectual property right.

How does parallel import work?

Parallel importers ordinarily purchase products in one country at a price (P1) which is cheaper than the price at which they are sold in a second country (P2), import the products into the second country, and benefitting from arbitrage, sell the products in that country at a price which is usually between P1 and P2.

What does parallel imported mean?

A parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner. Parallel imports are often referred to as grey product and are implicated in issues of international trade, and intellectual property.

Is parallel import illegal?

Parallel importing is legal if, after making ‘reasonable enquiries’, a reasonable person would come to the conclusion that the trade mark had been applied to the goods with the consent of: the trade mark owner; one of the trade mark’s authorised users; someone with significant influence over the use of the trade mark; or

Are parallel imports legal?

Parallel Imports Law and Legal Definition. Parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner. Parallel imports are goods that are not authorized for importation into the U.S. Such goods were legitimately sold outside the U.S. with the approval of the manufacturer.

What is parallel trade?

Parallel trade. What is parallel trade? Parallel trade of pharmaceutical products is a legal and safe form of trading inside the EU market. The prices of various pharmaceuticals differ between the EU and EEA (European Economic Area) members, so traders obtain low-price pharmaceutical goods, mostly in the South Europe .