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Compared to patents, the advantages of trade secrets are that a trade secret is not time limited (it "continues indefinitely as long as the secret is not revealed to the public", whereas a patent is only in force for a specified time, after which others may freely copy the invention), a trade secret does not imply any registration costs, [59 ...
In the United States, trade secrets are protected under state law, and states have nearly universally adopted the Uniform Trade Secrets Act. The United States also has federal law in the form of the Economic Espionage Act of 1996 (18 U.S.C. §§ 1831–1839), which makes the theft or misappropriation of a trade secret a federal crime. This law ...
Compared to patents, the advantages of trade secrets are that the value of a trade secret continues until it is made public, [101] whereas a patent is only in force for a specified time, after which others may freely copy the invention; does not require payment of fees to governmental agencies or filing paperwork; [101] has an immediate effect ...
Common types of intellectual property rights include copyrights, trademarks, patents, industrial design rights, trade dress, and in some jurisdictions, trade secrets. These may be sometimes called intellectual rights. See outline of patents for a topical guide and overview of patents.
[8] (2) Publishing the invention, rather than keeping it a trade secret allows others to build upon the technology. [9] Both of these have been challenged based upon economic analysis. The "rewards" theory has been criticized as ignoring the risky prospective nature of the "reward", [10] and the post patent costs of cost-engineering and marketing.
There are several types of intellectual property rights, such as copyrights, patents, trademarks, industrial designs, plant breeders rights [1] and trade secrets. Therefore, an intellectual property infringement may for instance be one of the following:
Trade Secrets law, another form of intellectual property, is defined in Title 18. [2] Title 35 has four parts, which are delved into further later in the article: [3] Part I—United States Patent and Trademark Office; Part II—Patentability of Inventions and Grant of Patents; Part III—Patents and Protection of Patent Rights
Patent applications can be filed at the United States Patent and Trademark Office (USPTO). Prior to June 7, 1995, the duration of a US utility patent was 17 years from patent issuance. Since that date, the duration of the US utility patent is 20 years from the earliest effective filing date.