LEGAL 2700 Exam 3 Hackleman
Questions With Correct Solutions
100% PASS
Intellectual Property - CORRECT ANSWER-(Abe Lincoln only president to have
a patent)
Justification: To promote, give incentive to business/ideas, protection via patents,
encourages research and development
Competition (in relation to intellectual property) - CORRECT ANSWER-
Customer list, skills, design plans
Capturing (in relation to intellectual property) - CORRECT ANSWER-idea that
once something is out in the public domain, you cannot apply intellectual law to
recapture it
Trade Secret - CORRECT ANSWER-Knowledge/Info that is kept secret and has
economic value
*reasonable steps are taken to keep info secret and this inf cannot have been
learned on one's own*
,UNIFORM TRADE SECRET ACT
Establishing Existence of a Trade Secret - CORRECT ANSWER-Conduct a trade
secret audit to identify confidential knowledge based-resources
Preserve Secrecy - CORRECT ANSWER--lock written material
-secure computer stored knowledge with firewalls and encryption
-impose confidentiality restrictions
-regulate visitors
-nondisclosure agreements
Al minor & Associates VS Martin - CORRECT ANSWER-Martin worked for Al
Minor, then started own business with memorized customer list
Ruled that there is no distinction between memorized or tangible information
Demonstrating Misappropriation - CORRECT ANSWER-Occurs when one
improperly acquires or discloses secret info (it is a known secret)
Independent creation and reverse engineering are exempted from this
Employee mobility and Trade secrets - CORRECT ANSWER-Confidentiality
contracts forbid employees from disclosing the knowledge obtained in the
workplace
Employers can enforce agreements not to compete only when there is a valid
business purpose for contact
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, Injunction - CORRECT ANSWER-Civil ruling by courts to (not) do something
Espionage - CORRECT ANSWER-Obtaining secrets from the government in
propose to disclose to a foreign government (criminal)
Coco Cola incident - CORRECT ANSWER-coca cola is a trade secret; Lady
wasn't trying to sell the recipe; but was selling R&D to Pepsi for $1.25 million
dollars; she did 8 years in prison because Pepsi turned her in to the FBI
Patent Law - CORRECT ANSWER-Exclusive rights by the US Patent and Trade
Office to eclude others and is protected for a LIMITED time
New invention - CORRECT ANSWER-A legal monopoly!
Utility Patent - CORRECT ANSWER-New,
non-obvious,
useful processes, machines, compositions of matter or improvements thereof
20 years from filing date
Design Patent - CORRECT ANSWER-New, original and ornamental design for
an article of manufacture
14 years from filing date
Plant Patent - CORRECT ANSWER-New, variety of plant that can be reproduced
asexually
Questions With Correct Solutions
100% PASS
Intellectual Property - CORRECT ANSWER-(Abe Lincoln only president to have
a patent)
Justification: To promote, give incentive to business/ideas, protection via patents,
encourages research and development
Competition (in relation to intellectual property) - CORRECT ANSWER-
Customer list, skills, design plans
Capturing (in relation to intellectual property) - CORRECT ANSWER-idea that
once something is out in the public domain, you cannot apply intellectual law to
recapture it
Trade Secret - CORRECT ANSWER-Knowledge/Info that is kept secret and has
economic value
*reasonable steps are taken to keep info secret and this inf cannot have been
learned on one's own*
,UNIFORM TRADE SECRET ACT
Establishing Existence of a Trade Secret - CORRECT ANSWER-Conduct a trade
secret audit to identify confidential knowledge based-resources
Preserve Secrecy - CORRECT ANSWER--lock written material
-secure computer stored knowledge with firewalls and encryption
-impose confidentiality restrictions
-regulate visitors
-nondisclosure agreements
Al minor & Associates VS Martin - CORRECT ANSWER-Martin worked for Al
Minor, then started own business with memorized customer list
Ruled that there is no distinction between memorized or tangible information
Demonstrating Misappropriation - CORRECT ANSWER-Occurs when one
improperly acquires or discloses secret info (it is a known secret)
Independent creation and reverse engineering are exempted from this
Employee mobility and Trade secrets - CORRECT ANSWER-Confidentiality
contracts forbid employees from disclosing the knowledge obtained in the
workplace
Employers can enforce agreements not to compete only when there is a valid
business purpose for contact
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, Injunction - CORRECT ANSWER-Civil ruling by courts to (not) do something
Espionage - CORRECT ANSWER-Obtaining secrets from the government in
propose to disclose to a foreign government (criminal)
Coco Cola incident - CORRECT ANSWER-coca cola is a trade secret; Lady
wasn't trying to sell the recipe; but was selling R&D to Pepsi for $1.25 million
dollars; she did 8 years in prison because Pepsi turned her in to the FBI
Patent Law - CORRECT ANSWER-Exclusive rights by the US Patent and Trade
Office to eclude others and is protected for a LIMITED time
New invention - CORRECT ANSWER-A legal monopoly!
Utility Patent - CORRECT ANSWER-New,
non-obvious,
useful processes, machines, compositions of matter or improvements thereof
20 years from filing date
Design Patent - CORRECT ANSWER-New, original and ornamental design for
an article of manufacture
14 years from filing date
Plant Patent - CORRECT ANSWER-New, variety of plant that can be reproduced
asexually
