Trade Secrets Quiz

According to the TRIPS Agreement, which of the following is a condition for information to be considered a trade secret?

• The information must be published in a journal

• The information must be secret and have commercial value

• The information must be shared with competitors

• The information must be registered with the government

Which of the following is an advantage of trade secret protection compared to patents?

• Trade secret protection is limited to 10 years

• Trade secret protection requires registration costs

• Trade secret protection is not limited in time and can continue indefinitely

• Trade secret protection requires disclosure to a government authority

A company wants to protect its trade secrets. Which of the following is a reasonable precaution it should take?

• Allowing all employees access to confidential information

• Requiring employees to sign non-disclosure agreements

• Publishing confidential information on the company website

• Ignoring the need for confidentiality policies

If confidential information is widely known within a company, what is the likely consequence regarding its status as a trade secret?

• It will definitely qualify as a trade secret

• It may not qualify as a trade secret

• It will be more valuable as a trade secret

• It will automatically be protected by law

Which of the following is NOT a condition for misappropriation of a trade secret?

• Used improper means to gain knowledge of the trade secrets.

• Knew or should have known that the trade secret was acquired by improper means.

• Knew or should have known that the trade secret was acquired under circumstances giving rise to a duty to maintain its secrecy.

• Used proper means with express consent to gain knowledge of the trade secrets.

Why is the protection of trade secrets particularly important in high-tech sectors?

• Because technical and sensitive business information is central to their operations and employee mobility can pose a competitive threat

• Because high-tech sectors do not use trade secrets

• Because competitors are not interested in high-tech information

• Because trade secrets are less valuable in high-tech sectors

How does the team assist companies accused of improper use of another’s trade secrets?

• By successfully defending them in court

• By admitting guilt immediately

• By refusing to represent them

• By transferring their assets

What legacy do Fish’s litigators bring to their cases?

• Making the complex understandable in technical patent trials

• Focusing only on simple cases

• Avoiding patent trials altogether

• Specializing in entertainment law

What depth of experience do Fish’s trial lawyers have?

• They have been taking cases to verdict since the earliest stages of their careers

• They are new to litigation

• They only work on minor cases

• They specialize in out-of-court settlements only

Which organization is mentioned as being involved in resolving false advertising disputes?

• National Advertising Division of the Better Business Bureau (NAD)

• World Health Organization (WHO)

• International Monetary Fund (IMF)

• United Nations (UN)