What are the laws pertaining to licensed trademarks and products?
North Carolina state laws and United States federal laws prohibit the use, reproduction and counterfeiting of licensed trademarks and infringement of these policies is punishable in varying degrees, depending on the type and severity of the infringement.
Some possible penalties for trademark infringement include:
Class 2 misdemeanor: possessing items with retail sales value (RSV) under $3,000
Class I felony: possessing items with RSV between $3,000 and $10,000
Class H felony: possessing items with RSV exceeding $10,000
Class H felony: knowingly producing/reproducing counterfeit itemsAdditionally, the plaintiff may be entitled to:
Triple the damages the plaintiff sustained, OR
Triple the profits the defendant made.Important links regarding penalties and trademark licensing include: