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Gray Market: The Rise of Luxury Goods
The luxury gray market of authentic goods is growing fast thanks to steep discounts. It’s a lucrative practice, yet original brands don’t usually take part in the game....
Every business aims to manage and protect its assets. Intellectual property is an asset, and as such, it needs monitoring and protection. Intellectual property protection is especially crucial in the ever-growing and fast-changing digital landscape.
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Intellectual property is an intangible asset created to protect creations such as designs, images, names, texts, and more.
Intellectual property examples in business include trademarks, copyrights, patents, and trade secrets that can gain IP protection.
Trademarks are the names, phrases, symbols, designs or a combination of these things that differentiate your brand from others in your industry. Trademarks must be distinctive so as not to create a likelihood of confusion and should be used in commerce.
An example of trademark intellectual property is a name that identifies the origin of your goods or services. There are other examples, such as symbols and colors.
Copyrights protect original works of authorship. They encompass literary, dramatic, musical, and artistic works such as books, articles, poems, movies, songs, recordings, paintings, logo designs, website content, computer software, and architecture.
Images, for example, are significant in digital branding and as they are copyrighted, they become part of your brand assets. You have the exclusive right to copy, display, and reproduce images that belong to your brand.
Patents are tools to protect innovation, granted for new, useful inventions. In the U.S., utility patents protect the way a product works, while design patents protect the way a product looks, and there are also plant patents. In other countries, there may be specific laws to cover industrial designs.
This IP protection shields confidential information that is commercially valuable and known only to a limited group of people.
Although the above are the main types of intellectual property (IP), there are other examples of IP, such as geographical indications.
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Every day, we witness intellectual property protection in action. When you start noticing intellectual property examples in business, you see that they are everywhere.
Trademarks protect brands, and brands protect their trademarks. Names are trademarks (Google, Walmart, Coca-Cola), slogans (“Think Different” by Apple). and designs (like the Twitter bird or McDonald’s yellow M / Golden Arches).
We can also look from the industry perspective. Sneakers are a great example of trademark intellectual property.
As far as sneakers go, consumers have trademarks, logos, and designs that they recognize and associate with a specific brand.
The three-stripes adidas trademark is a known example, as are the Nike “Swoosh” trademark, Puma, Converse and many more examples of athletic footwear brands.
JUST DO IT is another known Nike trademark.
In 2020, the U.S. Trademark Trial and Appeal Board (TTAB) accepted Nike’s opposition to the registration of the proposed mark JUST DREW IT! For athletic apparel.
The TTAB agreed there is a likelihood of confusion and likely dilution of Nike’s famous mark.
Luxury brands provide some of the most iconic intellectual property protection examples.
Brands can also be identified through one color or a combination of colors in a category. Color marks consist of one or more colors used on particular objects.
Do you recognize the following examples?
Other examples include the red soles of high-heels dress shoes, where the rest of the shoe is not red by Louboutin; brown for parcel delivery trucks and uniforms by UPS; canary yellow for 3M sticky notes; magenta for T-Mobile; and others.
Prior to the digital world, copyright issues were not as prevalent. Now, photographers, artists, writers, and other creators have their work reproduced too often with no regard to their IP rights.
One of the most common examples is counterfeiters who use the authentic images of a brand or a product to mislead consumers into believing they have the original product.
Patents protect innovation. Although not necessary for a product to be successful, they can be a valuable tool.
Steve Jobs, for example, filed a 1980 design patent for a “personal computer”. Another well-known patent associated with Jobs is Apple’s touch-screen technology.
Trade secrets can also be a powerful tool.
WIPO tells the story of Angostura Limited, whose main IP is almost 200 years old. The company, based in Trinidad and Tobago, produces the ANGOSTURA® aromatic bitters, used as an integral ingredient in cocktails.
As for trade secrets, according to the WIPO story, only five company directors are allowed to enter the room where they mix the ingredients that make up the Angostura Bitters, keeping the recipe a secret since 1824.
Almost all brands, big and small, have established their businesses online. As online markets become more dominant and e-commerce rapidly grows, online threats become more widespread and sophisticated. Online brand protection becomes crucial.
Having an online brand protection strategy in place helps shield your brand against online abuses, such as trademark infringements, cybersquatting, counterfeits, and other unauthorized activity.
Online brand protection includes:
Whether you wish to fight counterfeits, prevent trademark, copyright and brand infringements, you need online brand protection services.
At Wiser Market, we partner with brands to combat counterfeits and intellectual property infringements with advanced technology and industry expertise.
Wiser Market anti-counterfeit agency monitoring system is advanced and scalable, and our team of experts posses unique eCommerce know-how.
Wiser Market’s highly effective, long-term online brand protection strategy safeguards your revenue and brand reputation, with a proven track record of over 95% success rate.
With Wiser Market, your brand has a comprehensive IP protection solution, from detection to enforcement of your IP rights, so you can focus on growing your business.
Want to protect Your Brand? Contact us for a Free Demo:
WiserTip: For best online brand protection, there is no “one size fits all.” At Wiser Market, we create an online brand protection strategy tailored to your business’s unique needs.
What is online intellectual property protection?
Digital brand protection services counter online threats and protect your intellectual property assets. Anytime, anywhere. Whether you wish to fight fakes, protect your domain name, prevent trademark, copyright and brand infringements, or combat gray market selling and knockoffs, use Wiser Market’s online IP protection services. Effective online IP protection defends your profitability and reputation.
Contact Wiser Market online brand protection services.
What is brand abuse?
Brand abuse refers to a third party infringing on the intellectual property of a brand. Brand abuse can include:
What are examples of copyright works?
Copyrights protect artistic works such as novels, poems, lyrics, images, movies, paintings, and sound recordings. In computing, they protect things like software applications and software codes. In business, copyrights protect content, business plans and proposals, designs, manuals, annual reports, and more.
What is online brand protection strategy?
The Wiser Method offers an effective online brand protection solution.
What are brand protection services?
Brand protection services combat brand abuse. They include analysis and enforcement of the intellectual property rights of brands. Do it the Wiser way!
How can authentic manufacturers remove unauthorized sellers?
Wiser Market offers a brand protection strategy that involves monitoring, detection, analysis, enforcement and prevention. A combination of scalable technology and professional expertise results in exceptionally high success rates.
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