Counterfeit

Unauthorized representation of a registered trademark carried on goods identical or similar to goods for which the trademark is registered, with a view to deceiving the purchaser into believing that he/she is buying the original goods.

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Counteroffer

A reply to an offer that adds to, limits, or modifies materially the terms of the offer. A seller, for example, who accepts a buyer´s offer, but informs the buyer that the goods will be of a different colour has…

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Counterparty

The opposite party to a transaction. Sellers are the counterparties of buyers and vice versa.

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Counterpurchase

An arrangement whereby exporters agree to purchase a quantity of goods from a country in exchange for the country´s purchase of the exporter´s product. The goods being sold by each party are typically unrelated but may be of equivalent value….

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Countertrade

All foreign trade transactions resulting from exporter´s commitments to take products from the importers or from their respective countries in full or part payment for their exports. Countertrade is typical of trade with developing countries, which often suffer from a…

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