Fraud and Deceit: Commercial fraud is defined as the faking of goods so that they do not comply the specifications of the originals. It is also defined as the cheating or intending to cheat or mislead one of the parties in contractual dealings as pertaining to the specification, origin, description.. etc of the sold goods and services, or presenting misleading information about the goods as pertaining to its origin, specifications, contents..etc
Misleading information refers to any information pertaining to the following:
- The number of sold or advertised goods, its quality, measurement weight, capacity, carat or description.
- Country of origin, i.e. the country where the goods were manufactured. The source of the goods. i.e. where they came from.
- The means of production / manufacturing.
- The ingredients.
- Type, origin and source.
- Name or description of the manufacturer/producer.
- Trademarks, patent, or anything related to intellectual property right.
Deceit: Any actual or intended act whereby a contractual partner is subjected to deception in any way possible for the purpose of showing the sold goods/services in a form other than what they actually are.
Trademarks : A trademark refers to any thing that takes a distinguished form such as names, works, signatures, letters, number, drawing, emblems, address, seals, stamps, picture, inscription, or any marking or a collection of marks that are used to distinguish goods, products or services. (Regardless of its origin.) or to indicate the owner of the mark as a result of an invention, inheritance, renting,etc, sound can be considered as part of a Trademark if it accompanies it.
Below is a description of acts of violation of trademarks law, commercial fraud law and law # (18) 1993 on precious metals including the amounts of the fines which are imposed according to the following:
- The seriousness of the violation .(e.g. the sale of substances unsuitable for human / animal use or consumption, effecting modification on scales, weight, stamps, carats, etc.)
- whether the products were imported, brought in, or brought from the local market.
Recurrence of the acts, i.e.for the first time or being repeated.