PART 3 (CHAPTER 2)

Question 1

Trade secrets

Answer 1

intellectual property (IP) rights on confidential information which may be sold or licensed. Doesn’t meet criteria to be protected under other rights but it still has value

Question 2

what info protected by trade secrets?

Answer 2

any confidential business information which provides enterprise a competitive edge
- Technical information
- Commercial information
- Financial information

Question 3

Technical information

Answer 3

manufacturing processes, pharmaceuticals, designs of computer programs

Question 4

Commercial information

Answer 4

distribution methods, list of clients, suppliers, advertising strategies

Question 5

How does protection work?

Answer 5

if you have trade secret does not mean that you have exclusive rights over the information in question. If someone else develops the same information, he or she can use it freely. You are protected against dishonest behavior and entitled to damages