which three elements are required to have a trade secret? (choose three)\nmust be a service\nsubject to…
which three elements are required to have a trade secret? (choose three)\nmust be a service\nsubject to reasonable efforts to maintain its secrecy\nothers cannot legitimately obtain the information\noriginal work must be in a tangible form\ninformation has economic value not generally known\na unique logo or brand names
Answer
Brief Explanations:
To identify the three elements of a trade secret, we analyze each option:
- "Must be a service": Trade secrets can be information (e.g., formulas, processes) not just services, so incorrect.
- "Subject to reasonable efforts to maintain its secrecy": A key element—owners must take steps to keep it secret.
- "Others cannot legitimately obtain the information": If others can easily get it, it's not a trade secret, so this is required.
- "Original work must be in a tangible form": This applies to copyright (e.g., written works) not trade secrets, so incorrect.
- "Information has economic value not generally known": Trade secrets have value from being unknown/confidential, so this is required.
- "A unique logo or brand names": These are trademarks, not trade secrets, so incorrect.
The three correct elements are "Subject to reasonable efforts to maintain its secrecy", "Others cannot legitimately obtain the information", and "Information has economic value not generally known".
Answer:
- Subject to reasonable efforts to maintain its secrecy
- Others cannot legitimately obtain the information
- Information has economic value not generally known