Tycoon owns an invaluable ancient Roman coin. Tycoon occasionally allows the coin to be exhibited at museums but generally prefers to leave it sitting locked in a special vault in his basement. The image from the face of the coin is used to advertise the wares of Tycoons textile factory, so it is closely associated with the business by buyers. One evening, Katz breaks into the home while Tycoon is away, busts open the vault and steals the coin. Tycoon contends that Katz has misappropriated a trade secret. Q: Was the invaluable coin, locked in a vault, a trade secret? Business keeps a mailing list of all the residents in Business 's area. It is well known that the list is available for a $10 fee at the town hall. Although the list is inexpensive, it is an indispensable part of Business's marketing operations. Business keeps its copy under lock & key. It also keeps a backup copy in a secure location. Q: Does the list have the necessary economic value to qualib/ for trade secret protection? Soda Jerk sells a popular soft drink, Waterberry. It carefully guards the formula for Waterberry. An employee of Soda Jerk, however, obtains the formula from the safe and sells it to a competitor. When Soda Jerk seeks to recover from the employee and the competitor for misappropriation, they present expert evidence that a team of skilled chemists, working with considerable resources over several months, could have reverse engineered the formula. Accordingly, they argue, the formula is readily ascertainable and not a trade secret. Q: Is the formula readily ascertainable? Dr. Warren, a cancer researcher at the University of Iowa, also works one day a week at the University's Cancer Care clinic. He has signed an agreement that, if he leaves the University, he will not practice for two years within 50 miles of the University. He does leave, and takes a job with Iowa Blood and Cancer Care, in Cedar Rapids, which is within 50 miles. He does not take any patients with him. Studies show the area is underserved in that practice area. Q: Can the University get an injunction against him? Equine Industries develops a new formula for nutritional supplements for horses. Equine tnlznc n lnrlznrlnicirnl nnnrnnr'lI fn lznnninn fhic tmlnnhln inFnrmnh'nn cannot nnrl allnurc