True/ False

State law uniform trade secret protections cover threatened misappropriation by persons who have reason to know that the information was acquired by improper means.

The federal Defend Trade Secrets Act of 2016 and state trade secret laws apply to hackers who misappropriate employers' trade secrets, but they do not cover misappropriation by employees or former employees.

If a business uses a patented design without a license, the patent holder can seek injunctive relief against further infringement and seek recovery of profits or lost royalties under federal law.

Under a widely adopted international convention, copyright in most countries is automatic on "fixation," as the work is fixed in some tangible medium and without the necessity of registration.

Federal registration is required to own a trademark under U.S. law.

Commercial parties often negotiate binding arbitration provisions in commercial agreements to manage risks and costs of dispute resolution.