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A trade secret is a form of intellectual property comprising confidential information that is not generally known or readily ascertainable, derives economic value from its secrecy, and is protected by reasonable efforts to maintain its confidentiality. [1] [2] [3] Well-known examples include the Coca-Cola formula and the recipe for Kentucky ...
Counterfeit consumer goods are goods illegally made or sold without the brand owner's authorization, often violating trademarks.Counterfeit goods can be found in nearly every industry, from luxury products like designer handbags and watches to everyday goods like electronics and medications.
Not surprisingly, most counterfeits originated in China (including Hong Kong), which accounted for 63% of customs-seized products. Turkey was the second largest with 3% of the fake goods seized.
In the United States, trade secrets are protected under state law, and states have nearly universally adopted the Uniform Trade Secrets Act. The United States also has federal law in the form of the Economic Espionage Act of 1996 (18 U.S.C. §§ 1831–1839), which makes the theft or misappropriation of a trade secret a federal crime. This law ...
A secret ingredient is a component of a product that is closely guarded from public disclosure for competitive advantage. Sometimes the ingredient makes a noticeable difference in the way a product performs, looks or tastes; other times it is used for advertising puffery. Companies can go to elaborate lengths to maintain secrecy, repackaging ...
A German-Canadian resident of China was sentenced to 24 months in prison in the U.S. for stealing electric vehicle trade secrets from Tesla for his competing EV battery business, the U.S ...
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trade secret Del Monte Fresh Produce Co. v. Dole Food Co. , 136 F. Supp. 2d 1271 (S.D. Fla. 2001), was a trade secret misappropriation case where Del Monte Fresh Produce Company asserted that Dole Food Company obtained their specialty pineapples through non-legal means and were unjustly enriched as a result.