|
|
Printable version  |
|
The answer is c
Once a third party develops an innovation on its own, the trade secret protection that another company has is lost forever. The reason: Even though a company may have
gone to great lengths to protect proprietary information, it is obviously no longer a secret if someone else develops it without outside help.
However, most cases of trade secret infringement today are "inside jobs," with information being disclosed by employees, vendors and consultants. For example, Apple Computer Inc. filed suit against an employee who posted information on the Internet about unreleased products.
Trade secrets have been defined as information that has independent economic value because it is not generally known to the public or to people who can obtain economic value from its disclosure. A trade secret can include a formula, pattern, compilation, program, device, method, technique or process. In order to receive protection, you must make a reasonable effort to maintain the secrecy of the information.
Trade secrets can be the lifeblood of a business operation, so it's worth safeguarding them.
|
|
|
 |
We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.
|
|
Full Newsletter
