Intellectual Property

Whether you are starting up a business, watching Dragons Den or sat in a Business Studies lesson learning about Entrepreneurship, patents, trademarks and copyright are nearly always mentioned. Intellectual Property is a complex thing which is set up to protect the owner of the innovations and processes but unfortunately does not always work. In some countries in the world it is not enforceable and in other instances it is really expensive to guard against. Just look at all the counterfeit goods sold on markets -fake football tops are one really big example.Counterfeiting is really big business but I always thought it was a low level thing, but when I read this I was shocked. I had heard that there were fake Apple shops but setting up a Primark in Dubai which is actually a fake shop had me shaking my head in disbelief at the brazen attempt to defraud Primark and its customers. Read for yourself