Trade Secret - Case Study Example

Trade Secret Trade Secret necessarily first you process, practice, formula, design, or other instrument or pattern which can be understood to be directly related to the means by which an economic advantage is leveraged within the company.... Oftentimes, such trade secrets or confidential; however, they are protected under a different type of United States law as compared to classified information....

When deciding to expand its market, Coca-cola sells a domestic firm the right to use the company's manufacturing process, trademark patent, Trade Secret, and other item of value for a fee or royalty.... The organization of a business has huge implications on significant business decisions....

In the paper “Human Resources in Organisation” the author analyzes the case of the absence of a detailed employment contract between Catastrophe Concepts and Karen, who wants to terminate the employment; this is possible as long as Catastrophe Concepts give a reasonable notice to Karen....

This was called 'the Trade Secret release'.... A Trade Secret is defined as information allowing an individual to make money, "because it is not generally known.... A Trade Secret could be a formula, computer program, process, method, device, technique, pricing information, customer lists or other non-public information.... If the economic value of a piece of information relies on it being kept private, it could be a Trade Secret" (Pendergast, 1993, p....

There are two distinct reasons why a company should consider protecting the product through Trade Secret laws instead of patent and copyrights.... First, the company has to adopt the Trade Secret policy when the formula is not patentable.... Second, the company should prefer Trade Secret when it finds it appropriate to expose the product to the public without apprehension of loosing the underlying technology to the competitors.... Cloning is the form of imitating an invention or product which successfully utilizes the technology without violating the copyright, patents, Trade Secret and/or the trademarks legality....

Simply the knowledge that Voornas has acquired during her tenure at WMGX of relationships with advertisers is not considered a Trade Secret.... The paper 'Citadel Communications Corporation' presents the case explicitly which states the disc jockey is forbidden from broadcasting on-air for a competing station within a 75-mile radius, or for a station that is in direct competition with Saga's station WMGX in Portland....

AW for Trade Secret:Trade secrecy protection laws continue as long as the protection is required.... Developer lost protection to his Trade Secret by sharing it with others.... Commonly protection values to the owner and secret to be congregate.... If the owner of the secret fails to take necessary steps for keeping the information secret then protection is lost.... Which means that developer used the process without the permission of the patent and unintentionally Copyright, trade Secrecy and Patents of Copyright, trade Secrecy, and Patents Copyright: It is a protection of original work of authorship that includes artistic, literary, musical and dramatic work from unauthorized usage....

Moreover, they are required to protect and preserve former employer's good will, Trade Secret and other relevant information.... Moreover, they are required to protect and preserve former employer's good will, Trade Secret and other relevant information.... Non-competition agreement also known as “covenant not to compete” is an aspect in management that is employed to assist in controlling loss of valuable employees and also minimize trade secrets leakage or exploitation by the said former employees....