Ch. 11 - Chapter 11 - Intellectual Property in the Property...

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Chapter 11 - Intellectual Property in the Property System ANSWERS TO REVIEW QUESTIONS AND PROBLEMS - CHAPTER 11 THE PROPERTY SYSTEM 1. The Justification for Intellectual Property (a) To promote the progress of science and the useful arts (i.e., business). (b) This claim recognizes the incentive given by private property to research, invention, and production. 2. The Knowledge Assets of Business This assertion relates to the value of various forms of intellectual property. TRADE SECRETS 3. Trade Secret: Taking Reasonable Measures to Keep the Secret (a) To maintain a property, the object of the trade secret must be kept secret. (b) Ways of preserving secrets include computer firewalls, the careful regulation of outside visitors, vaults, non-disclosure clauses, and non-compete clauses. 4. Trade Secret: The Economic Value Requirement Trade secrets are good against those who do not know them. 5.
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This note was uploaded on 09/21/2011 for the course LEGL 2700 taught by Professor Reed during the Spring '07 term at University of Georgia Athens.

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Ch. 11 - Chapter 11 - Intellectual Property in the Property...

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