Parallel Import
Parallel import in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of parallel import.
Resources
See Also
- Law Enforcement Officer
- Police
- Law Enforcement Agency
Further Reading
- parallel import in A Dictionary of Law Enforcement (Oxford University Press)
- parallel import in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
Parallel import in Global Commerce Policy
In this regard, a definition of this issue is as follows: the import of a product with an intellectual property content from another country where the product has been lawfully placed on the market by the owner of the intellectual property right or with the owner’s consent. Such imports compete with the same product produced or distributed, also with the authorization of the holder of the rights, in the domestic market. They are therefore said to be imported in parallel with the authorized channels. The motivation for doing so arises when the parallel import can be put on the market much more cheaply. Some say that strictly speaking the same person should hold the intellectual property rights in both countries, but the term more generally now describes situations where ownership has been split by contract. Parallel importing remains a contentious practice, and its legality varies according to jurisdiction. Competition authorities tend to be in favour of this practice because the consumer clearly benefits from it. The entries on trade policy in the Encyclopedia are here. Others, however, hold that the practice undermines the system of intellectual property rights which is designed to foster innovation and creativity. Neither the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights nor the Copyright Treaty concluded under WIPO auspices in December 1996 preclude governments from permitting parallel imports. See also exhaustion doctrine.[1]
Parallel importin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Parallel import” entry (OAS)
Leave a Reply