Are parallel imports fake?
Parallel imports or grey goods are not counterfeit products and the importation of such products, provided they do not infringe intellectual property rights, is generally acceptable .
What are GREY import products?
Parallel imports (also called grey or direct imports) are products that you buy from a seller who does not have specific permission from the manufacturer to sell those products in the Australian marketplace.
What is a parallel import drug?
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.
Why do we use parallel imports?
The presence of parallel imports in the marketplace prevents the holder from exploiting the monopoly further by market segmentation, i.e. by applying different prices to different consumers.
How does parallel importing work?
What is parallel Importing? As defined on Wikipedia “A parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner.” This simply means we directly import genuine products from suppliers overseas.
Why does parallel importing happen?
Parallel importing is based on concept of exhaustion of intellectual property rights; according to this concept, when the product is first launched on the market in a particular jurisdiction, parallel importation is authorized to all residents in the state in question. Some countries allow it but others do not.
What causes parallel importing?
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. Unlike black market goods, parallel import goods are legitimate.
Is Jomashop trusted?
In Jomashop reviews of their Better Business Bureau (BBB) profile, they have an excellent A+ rating and have been a BBB accredited business since 2009. With nearly 30 years of experience selling luxury watches for men and women, Jomashop is indeed a legit business.