Firms can protect information in the form of inventions and other industrial know- how under which two types of laws?

Question

Quizplus · Accepted Answer

Firms can protect inventions and industrial know-how through patents and trade secrets. Patents protect inventions and give the owner exclusive rights to prevent others from making, using, or selling the invention for a set period of time. Trade secrets protect confidential business information that gives the company a competitive advantage and is not generally known to the public or other competitors. Copyrights protect creative works such as books, music, and art, while trademarks protect logos and other branding elements.

Firms Can Protect Information in the Form of Inventions and Other