Asked by Caryse Janée on May 01, 2024
Verified
Which of the following is a correct statement regarding trade-secret protection under common law?
A) A trade secret is protected from unlawful appropriation by competitors as long as it is kept secret and consists of elements not generally known in the trade.
B) A trade secret is protected from unlawful appropriation by competitors for ten years so long as no competitor gains access to the secret through lawful means.
C) A trade secret is protected from unlawful appropriation by competitors for twenty years so long as no competitor gains access to the secret through lawful or unlawful means.
D) A trade secret is protected from unlawful appropriation by competitors for thirty years.
E) A trade secret is protected from unlawful appropriation by competitors for seventy years.
Trade-Secret Protection
Legal practices and measures to safeguard a company's confidential business information from unauthorized access or theft.
Unlawful Appropriation
Refers to the illegal or unauthorized taking or use of someone else's property or funds.
Common Law
A body of unwritten laws based on legal precedents established by the courts, influencing and guiding current and future legal decisions.
- Comprehend the principles of trade secret protection and the requirements for maintaining such protection.
Verified Answer
KC
Karen CorralMay 08, 2024
Final Answer :
A
Explanation :
Under common law,a trade secret is protected from unlawful appropriation by competitors as long as it is kept secret and consists of elements not generally known in the trade.
Learning Objectives
- Comprehend the principles of trade secret protection and the requirements for maintaining such protection.