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which three elements are required to have a trade secret? (choose three…

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

Explanation:

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.

Answer:

  1. Information has economic value not generally known
  2. Subject to reasonable efforts to maintain its secrecy
  3. Others cannot legitimately obtain the information