According to the Economic Espionage Act, ________.
A) persons who have reverse engineered a trade secret can use that trade secret, and the related trademark
B) it is a federal crime to steal another's trade secret
C) the rights to a trade secret will have to be renewed after a specified period of time
D) trade secrets can be shared for a limited amount of time

Question

Quizplus · Accepted Answer

The Economic Espionage Act makes it a federal crime to steal or misappropriate a trade secret. A trade secret is any information that derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable through proper means by, another person who can obtain economic value from its disclosure or use. The act does not allow for reverse engineering or sharing of trade secrets for a limited amount of time. Additionally, the act does not address renewing the rights to a trade secret after a specified period of time.