Definitions for "Parallel import"
Trade that is made possible when the owner of intellectual property causes the same product to be sold in different countries for different prices. If someone else imports the low-price good into the high-price country, that is a parallel import.
The importation, without the authorization of the owner of an intellectual property right, of a protected product marketed abroad by the patentee or by an authorized party.
a genuine good, bearing an authorized trademark, intended for sale in one country, but instead sold without the authorization of the trademark owner in a second country
a mechanism that helps in price control