How can trade secrets be beneficial for a company

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Reference no: EM133701764

All students need to complete this assignment, by submitting a 2-3 paragraph response comprised of at least 3-5 sentences, in which you answer both of the questions below thoughtfully, supporting your answers that you've obtained from the readings or else where. You do not need to respond to another student's post for this discussion assignment. Your answer to the two questions will be worth 4 points. How well you support your answer will be worth 4 points, and the additional 2 points will be for punctuation, grammar, etc.

This week you learned about the many ways that individuals and companies can protect their intellectual property. Two of those ways are through trade secrets and patents. Both offer protection, but differ in several keys ways. For this week, answer both of the following questions regarding these two legal tools:

1. How can trade secrets be beneficial for a company?

2. What are the benefits of keeping something a trade secret instead of applying for a patent? What are the downsides to doing this?

Reference no: EM133701764

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