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In Hicklin Engineering V

question 95

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In Hicklin Engineering v.R.J.Bartell,where Bartell quit working for Hicklin and formed a company that competed with Hicklin,which then sued Bartell for theft of trade secrets,the appeals court held that:


Definitions:

Cost Of Goods Sold

The total direct expenses related to producing goods sold by a business.

Net Income

The profit a company has after deducting all its expenses from its total revenue.

Unit Costs

The cost incurred to produce, purchase, or supply one unit of a product or service, calculated by dividing total costs by the number of units produced or purchased.

Inventory Items

Goods or materials that a business holds for the purpose of sale or production.

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