Description
You are the owner of Sony. You have just developed the newest hype in gaming consoles, the PlayStation4. What steps must you take in order to obtain all the necessary trademark, copyrights, and patents for the new gaming console? What steps should you take to protect the PlayStation4 trade secret?
The requirements below must be met for your paper to be accepted and graded:
- Write between 1,000– 1,250 words (approximately 4 – 5 pages) using Microsoft Word in APA style, see example below.
- Use font size 12 and 1” margins.
- Include cover page and reference page.
- At least 80% of your paper must be original content/writing.
- No more than 20% of your content/information may come from references.
- Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
- Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
Explanation & Answer
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Running head: TRADE SECRET
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Trade Secret
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TRADE SECRET
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Trade secrets can be defined as business activities of operation that is gives the owner
economic befits that can be applied by anyone and that the owner is ready to maintain its
confidentiality. The anti-unfair competition is a body that id in charge of investigating
organizations. Misappropriation of trade secrets by a business involves; accessing the company
secrets through theft, duress or any other illegal means. Allowing others to use the other
organization's trade secret. And also allowing others to breach an agreement. When going to the
court the plaintiff that is accusing the defendant of misappropriation based on the features of the
features of the trade secret. The reasons for trade secrets is to seek to maintain and enhance the
market ethics and promote fair agreements. Trade secrets also provide incentives for business
creativity because trade security can safeguards the time and resources invested, this is good
because of it then promotes capital investment (Milgrim and Bensen, 2015). If the market were
not regulated by trade secret laws, then the organizations would not be innovative but
concentration on the cost and risks facing developing the projects, a good example is a formula
for Coca-Cola. Coca-Cola has the world's best trade...