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Give a real or fictitious example of a trade secret. What would be considered a theft...

Give a real or fictitious example of a trade secret. What would be considered a theft of this trade secret? What should an owner of a business do to protect trade secrets? To win a lawsuit to protect a trade secret what must the owner prove?

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Answer - Suppose a company has found out by research that ethanol can be produced by the use of plastics. This means that it will act as a substitute in place of petrol or desiel. Now , the technique used in this process has not been used before. If this idea is stolen , a company may lose the opportunity of presenting this first in the market.

Hence the company must get the technique copyright , or obtain a patent so that the idea does not get stolen.

If the lawsuit is filed by the compnay , it will have to prove by producing the certificate of copyright or patent , and must prove that it had the technique to produce.

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