One Key Advantage That Trade Secret Law Has Over the Use

question 13

Multiple Choice

One key advantage that trade secret law has over the use of patents and copyrights in protecting companies from losing control of their intellectual property is:

• A)the time limitation for a trade secret is longer than for patents and copyrights
• B)no royalties must be paid on trade secrets
• C)trade secrets can become part of the prior art and be used to protect patents and copyrights
• D)there is no need to file an application or disclose a trade secret to gain protection

Recognize the concept of promissory estoppel and its application.

Appreciate the principles underlying the formation of contracts including offer, acceptance, and consideration.

Describe the various elements involved in establishing a contract's legality, capacity, and obligation.

Understand the remedies available for breach of contract and contract disputes.

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Definitions:

Hand Washing

The act of cleaning the hands with soap and water or sanitizer to remove dirt, germs, and bacteria.

Permanent Change

A modification or alteration that is long-lasting and not intended or expected to revert to its original state.

Operant Conditioning

A mode of education in which the severity of a behavior is influenced by presenting rewards or imposing restrictions.

Respondent Conditioning

A form of learning in which an individual develops a response to a previously neutral stimulus by associating it with another stimulus that already elicits a similar response.