Trademark Infringement

Knock-Off
A knock-off is a low-priced imitation of a name-brand product, often created to mimic the design, style, and overall aesthetic of the original product but made with cheaper materials and sold at a fraction of the cost.
Lanham Act
The Lanham Act, officially known as the Federal Trade-Mark Act of 1946, is a foundational statute in United States trademark law that governs the registration and protection of trademarks, trade names, and other identifying markers used in interstate commerce.
Unfair Competition
Unfair competition encompasses acts or practices of businesses that lead to consumer deception, misappropriation of trade symbols, and violations of trade practices laws that ultimately result in the unfair gain of market advantage over competing entities.

Accounting Terms Lexicon

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