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Surprise Test 2
Surprise Test 2
Question no . 1
What is the producer of registering patent? Does
unregistering of patent effects the rights of
patentee.
o Declaration as to inventorship
o Power of authority in form 26
Question no . 2
Briefly explain the trade secerts.
What is a trade secret?
Trade secrets are intellectual property (IP) rights on
confidential information which may be sold or licensed.
In general, to qualify as a trade secret, the information must be:
Many different types of information and processes can be considered trade secrets.
Some common examples of trade secrets are:
Popular examples of trade secrets include the recipe for Coca-Cola and the formula
for WD-40. Trade secrets may also include items that a person or company has not
chosen to patent yet, such as a new plant hybrid or mechanical invention.
Unlike copyrights and other types of intellectual property, one does not register their
trade secrets with government agency. Instead, trade secret protection is typically
secured through means such as contracts, non-disclosure agreements, non-compete
forms, and other similar documents. These provide guidelines for people who are
exposed to information regarding the trade secret to prevent them from sharing that
information with anyone who may disseminate the information to the company’s
competitors. A contract or agreement designed to protect the trade secret generally
limits the person’s ability to share the information with others, which allows the trade
secret to remain a secret.
Thus, trade secret protection terms should be stated specifically in the contract
terms. Since there is no registration process for trade secrets, expiration of the
protection must be stated specifically in the written documents if there is any
expiration. Also, if the trade secret is released to the public or is no longer
considered to be confidential, the holder will usually lose protection and exclusive
rights to the secrets.
Trade secret misappropriation is a major legal issue and can lead to problems for
various parties to the agreement. Misappropriation or theft of a trade secret can also
lead to criminal consequences for the violating party. Thus, it is important that the
terms for confidentiality are clearly stated in all documents and that all parties
understand the terms.