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What does the term "trade secrets" refer to in intellectual property?
  • a)
    Exclusive rights granted to creators over artistic works
  • b)
    Intellectual property rights concerning confidential information
  • c)
    Legal protections for the aesthetic aspects of products
  • d)
    Symbols or signs distinguishing the goods or services of one business
Correct answer is option 'B'. Can you explain this answer?
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What does the term "trade secrets" refer to in intellectual property?a...
The term "trade secrets" refers to intellectual property rights concerning confidential information. Trade secrets encompass confidential business information, such as formulas, processes, methods, or practices, that provide a competitive advantage to businesses. Unlike patents, copyrights, or trademarks, trade secrets are protected without registration and typically have no expiration date, as long as the information remains confidential and is subject to reasonable efforts to maintain secrecy. Trade secret protection prevents unauthorized acquisition, use, or disclosure of confidential information by competitors or third parties. Businesses often rely on trade secrets to protect valuable assets and maintain their competitive edge in the market. An interesting additional fact is that trade secret protection is governed by both common law and statutory law, with legal remedies available for misappropriation or unauthorized disclosure of trade secrets.
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Directions : Read the following passage carefully and answer the questions given after the passage. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions.States are highly competitive actors and the competitiveness that exists between them has become increasingly intensified as the world order has become ever more globalised. In order to be successful and prosperous in this competitive environ­ment states require access to reliable intelligence that reveals the strengths and weaknesses of their competitors. Knowledge is power, after all.A significant amount of intelligence collected by states is from sources which are publicly available. Espionage is a prevalent method of gathering intelligence and describes 'the consciously deceitful collection of information, ordered by a govern­ment or organisation hostile to or suspicious of those the information concerns, accomplished by humans unauthorised by the target to do the collecting'. Espio­nage, then, is the unauthorised collection of non-publicly available information. The act of espionage can be committed through various methods. In its traditional conception, espionage describes the practice whereby a state dispatches an agent into the physical territory of another state in order to access and obtain confidential information. States have, however, exploited technological developments in order to devise more effective methods through which to conduct espionage. Since the emergence of vessels, aeroplanes and celestial bodies, the sea, the skies and outer space have all been used as platforms to engage in (often electroni c) surveillance of adversaries; that is, to commit espionage from afar. It therefore comes as no surprise that since its creation cyberspace has also been harnessed as a medium through which to commit espionage. Indeed, the exploitation of cyberspace for the purpose of espionage has emerged as a particularly attractive method to acquire confidential information because of the large amount of information that is now stored in cyberspace and because cyberspace affords a considerable degree of ano­nymity to perpetrators of espionage and is thus a relatively risk free enterprise.Unsurprisingly, espionage has 'metastasised' since the emergence of cyber­space and reports suggest that cyber espionage projects are now prevalent. As an illustration, in February 2013 the Mandiant Report identified China as a persis­tent perpetrator of cyber espionage. In fact, the report claims that a cyber espio­nage entity known as Unit 61398 has been specifically created by the Chinese gov­ernment and is formally incorporated into the Chinese People's Liberation Army. The Report suggests that Unit 61398 is responsible for organising and instigating a massive cyber espionage campaign against other states and non-state actors, seek­ing to exploit vulnerable computer systems in order to access sensitive and confi­dential information with the aim of bolstering China's position in the international political and economic order. Only four months later in June 2013 cyber espionage was again thrust firmly into the international spotlight when Edward Snowden, a former contractor for the US National Security Agency (NS

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What does the term "trade secrets" refer to in intellectual property?a)Exclusive rights granted to creators over artistic worksb)Intellectual property rights concerning confidential informationc)Legal protections for the aesthetic aspects of productsd)Symbols or signs distinguishing the goods or services of one businessCorrect answer is option 'B'. Can you explain this answer?
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What does the term "trade secrets" refer to in intellectual property?a)Exclusive rights granted to creators over artistic worksb)Intellectual property rights concerning confidential informationc)Legal protections for the aesthetic aspects of productsd)Symbols or signs distinguishing the goods or services of one businessCorrect answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about What does the term "trade secrets" refer to in intellectual property?a)Exclusive rights granted to creators over artistic worksb)Intellectual property rights concerning confidential informationc)Legal protections for the aesthetic aspects of productsd)Symbols or signs distinguishing the goods or services of one businessCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does the term "trade secrets" refer to in intellectual property?a)Exclusive rights granted to creators over artistic worksb)Intellectual property rights concerning confidential informationc)Legal protections for the aesthetic aspects of productsd)Symbols or signs distinguishing the goods or services of one businessCorrect answer is option 'B'. Can you explain this answer?.
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