Intellectual Property Policy
Intellectual properties are important assets for business management upon which the corporate values are to be enhanced. Based upon our intellectual property strategy which is closely intertwined with our business strategy, FURUNO ELECTRIC CO., LTD. strives to obtain intellectual properties that are universally beneficial, in order to cultivate these important assets.
Should our intellectual property rights be infringed, we would resolve to take unyielding actions, inclusive of legal measures, such as seeking injunction to prevent the infringing products from being distributed as well as claiming for damages. Also, while duly respecting the intellectual property rights owned by other companies, we are determined to claim our legitimacy accordingly with legislation of each country against unreasonable claims or exercises.
Countermeasures Against Counterfeit Products
Example of Counterfeit Products
Any counterfeit products that have similarity to our products in terms of branding and appearance create confusion with our products in the market, hence bringing disadvantages to our customers. We will not overlook such counterfeit products that are infringing upon our intellectual property rights in the market, and we are determined to take firm countermeasures against such products, inclusive of legal measures, in order to resolve the situation.
Decisive Action Taken Against Counterfeit Marine Display Devices in China
Example of Action Taken Against Counterfeit Products
We have successfully resolved a civil lawsuit filed against a Chinese entity engaged in the unauthorized manufacturing and distribution of counterfeit versions of our marine display devices. The legal action was based on clear violations of our patent and copyright rights.
Following the proceedings, a settlement was reached in which our claims were fully upheld. The agreement includes the immediate cessation of production and sales of the infringing products, as well as the payment of a settlement fee. As a result, the counterfeit items have been effectively removed from the market.
We remain firmly committed to safeguarding our intellectual property rights. We will continue to take all necessary and decisive measures - including legal enforcement - to protect the integrity of our brand, the value of our products, and the innovation behind our technologies.