Question
Olson Corporation has come up with an idea for a product that it believes will give it a competitive edge in the market place. Olson
Olson Corporation has come up with an idea for a product that it believes will give it a competitive edge in the market place. Olson wants to make sure that the product is not copied so that it can maximize its economic potential for as long as possible. Olson is considering keeping the technological aspect of the product (which makes it unique and valuable) protected by maintaining it as a trade secret or by patenting the technology. With regard to the advantages and disadvantages of each approach, which of the following statements is correct? O A. Either approach would permit Olson to protect the technology for an unlimited period of time. O B. Under either approach Olson must take reasonable steps to maintain the secrecy of certain aspects of the product in order to obtain legal protection. O C. The standards and procedure for protecting the technology under the law of trade secrets or under patent law are essentially the same. O D. Under either approach of protecting the technology, a competitor who five years later independently discovers the technology will be entitled to use it and Olson will not have any legal rights to stop such use. O E. None of the alternative answers is correct
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