Which of the following statements about trade secrets is true?

Question

Quizplus · Accepted Answer

Trade secrets are a type of intellectual property that consists of valuable information that is kept secret by its owner. Unlike patents, trade secrets do not have to be registered or disclosed to the public, and they can help keep information confidential until it can be used or sold. Disgruntled employees may not be able to register patents for the subject matter of trade secrets, but they could still disclose the information to competitors, which is why proper security measures are necessary to protect trade secrets. Competitors who independently create the subject matter of a trade secret may be able to obtain a patent for their invention, as long as they did not obtain the information from the trade secret owner. Trade secrets cannot be patented because they already exist as confidential information and patent law requires a public disclosure of the invention. There is no Trade Secrets Bureau for registering trade secrets.

Which of the Following Statements About Trade Secrets Is True