Bob, an engineer,is a new employee at Acme Industries, who specializes in manufacturing automotive airbags. Prior to his employment, Bob is required to sign various documents indicating that he would have access to confidential information related to Acme Industries' business practices, customer lists, and other information that must remain confidential. It further provided that any new developments created by Bob would be the property of Acme Industries. Further, it provided that if Bob left the company he could not compete against the company in the United States for a period of 10 years. Bob leaves three years later to set up his own airbag company. What intellectual property issues are involved in this scenario? What legal rights do either Bob or Acme Industries have in this scenario once Bob leaves?