QUESTION IMAGE
Question
which three elements are required to have a trade secret? (choose three)
information has economic value not generally known
original work must be in a tangible form
subject to reasonable efforts to maintain its secrecy
a unique logo or brand names
must be a service
others cannot legitimately obtain the information
Brief Explanations
To determine the three elements of a trade secret, we analyze each option:
- "Information has economic value not generally known": A trade secret must have economic value from its secrecy, so this is correct.
- "Original work must be in a tangible form": This is a requirement for copyright, not trade secrets, so incorrect.
- "Subject to reasonable efforts to maintain its secrecy": Reasonable efforts to keep it secret are essential for a trade secret, correct.
- "A unique logo or brand names": These are trademarks, not trade secrets, incorrect.
- "Must be a service": Trade secrets can be about products, processes, etc., not limited to services, incorrect.
- "Others cannot legitimately obtain the information": If others can't legitimately get it, it maintains its secret nature, correct.
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- Information has economic value not generally known
- Subject to reasonable efforts to maintain its secrecy
- Others cannot legitimately obtain the information