Which of the Following Is False Regarding Trade Secret Protection

question 30

Multiple Choice

Which of the following is false regarding trade secret protection?

• A) Competitors may not discover trade secrets by doing reverse engineering.
• B) Competitors may discover secrets by going on public tours of plants and observing the use of the trade secret.
• C) Lawful discovery of a trade secret means there is no longer a trade secret to be protected.
• D) A company's client list may be considered a trade secret.
• E) There is no registration of trade secrets.

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Definitions:

Limited Liability Partnerships

A form of partnership where some or all partners have limited liabilities, protecting them from some or all of the partnership's debts and liabilities beyond their investment.

Certificate

A document serving as proof or evidence of ownership or entitlement, such as a certificate of stock, birth certificate, or certificate of completion.

General Partner

A partner in a partnership who has unlimited personal liability for the debts of the business and takes part in its day-to-day management.

Limited Partnership

A business structure where one or more partners have limited liability and are not involved in the day-to-day management, juxtaposed with at least one general partner who has unlimited liability.