In recent years, European SMEs have received more and more IP scam e-mails warning them that someone else is wishing to register their trade mark in China and that urgent action is needed. Some SMEs have also fallen victim to these e-mails and have ended up losing quite substantial amounts of money. Therefore, in today’s blog post, we have chosen to discuss how to identify and deal with IP scams in China. The blog post will concentrate on one of the most popular e-mail scam – ‘threat from the third party scam’.
With more and more European SMEs having awareness of the importance of IP and the necessity of IP registration in China, their needs of IP services is increasingly growing. As stated in China’s IP laws, foreigners need to hire local Chinese agencies to file for registration of IP rights and attend to other trade mark or patent related matters such as prosecution, invalidation, renewal etc. Therefore, there is a vast market for IP services involving foreign businesses which in turn is attracting more and more local IP businesses to join this lucrative market.
However, the quality and level of services offered by practitioners differ significantly. Coupled with the lack of sufficient translation of key information on obtaining IP rights and registration procedures, this made it very easy for some agencies, lacking in professional ethics to devise various scams to trick foreign companies or use irresponsible methods to attract customers. Thus it is very important that the European SMEs would be able to distinguish IP scams and know where to find the correct information on IP services and what action can be taken to avoid or mitigate scams. Continue reading “How to Identify and Deal with IP Scams in China: Threat from Third Party Scam” »