![]() ![]() Counterfeiters can include producers, distributors or retail sellers. They may still be illegal under trademark laws if they confuse consumers. ![]() Knockoff products are those that copy or imitate the physical appearance of other products but which do not copy the brand name or logo of a trademark. The colloquial term knockoff is often used interchangeably with counterfeit, although their legal meanings are not identical. About 5% of goods imported into the European Union in 2013 were fakes, according to the OECD. : 3 Counterfeit products made up 5 to 7% of world trade in 2013, and in 2014 cost an estimated 2.5 million jobs worldwide, with up to 750,000 jobs lost in the U.S. Sellers of such goods may infringe on either the trademark, patent or copyright of the brand owner by passing off its goods as made by the brand owner. Counterfeit consumer goods (or counterfeit and fraudulent, suspect items - CFSI) are goods, often of inferior quality, made or sold under another's brand name without the brand owner's authorization.
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