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For the companies below, the secret to a superior product is worth millions -- or even billions. To protect their secrets, companies have built Shhh: 10 Make-or-Break Trade Secrets
A trade secret is a form of intellectual property comprising confidential information that is not generally known or readily ascertainable, derives economic value from its secrecy, and is protected by reasonable efforts to maintain its confidentiality. [1] [2] [3] Well-known examples include the Coca-Cola formula and the recipe for Kentucky ...
State Dept. of Nat. Resources v. Arctic Slope Reg'l Corp., 834 P.2d 134, 139 (Alaska 1991) (the data obtained by the oil companies from the KIC well constituted a trade secret because the value of the data depended on its secrecy and the companies clearly attempted to maintain its secrecy) Arizona Ariz. Rev. Stat. § 44-401
Between October 2002 and January 2003 five Chinese businessmen were accused of illegally shipping equipment and trade secrets from California to China, [11] and U.S. officials prevented a Chinese man from shipping a new, high-speed computer used in classified projects (including nuclear-weapons development) from Sandia National Laboratories. [11]
They Know Time Is Money. Wealthy people know when to splurge. In the case of billionaire Mark Cuban, this meant buying a private jet. In a 2018 Men’s Journal article, Cuban revealed a plane is ...
The typical millionaire, their first $1 million to $5 million net worth they get is their paid-off home — and with a 15-year mortgage, you’ve got the opportunity to do that fairly quickly.”
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