In the context of protecting intellectual property, which of the following is a disadvantage of having a trade secret for a tangible product?
A) It has high filing costs.
B) It has time limitations.
C) Competitors can purchase and reverse engineer the product.
D) Technical details of the product will need to be disclosed to the issuing authority.

Question

Quizplus · Accepted Answer

Trade secrets do not require disclosure to any authority, unlike patents, and they do not have filing costs or formal time limitations. However, they are vulnerable because if the product is available in the market, competitors can legally purchase and reverse engineer it to discover the secret.

In the Context of Protecting Intellectual Property, Which of the Following