Introduction
"Grey-Market Goods", as intriguing as the name may
seem, has a meaning which is equally interesting. They refer to the
goods that may be genuine but enter into the market through
unauthorized trade channels, hence "grey" (not
"black" because the goods are genuine). The product may
be legal, not a counterfeit, and genuine, but may have been
imported from a country without proper permission of the
Intellectual Property owner for that country. There's another
term used to describe this sort of trade practice, namely
"Parallel Importation". In this practice a produced good
is legitimately sold in one place, and then exported to another
place, without the IP holder's authority for importation and
sale in that particular region, wherein it is ultimately sold
further till it reaches the consumer.
