Author Question: How can a company protect trade secrets? What will be an ideal ... (Read 55 times)

ec501234 · **on:** Aug 3, 2018

How can a company protect trade secrets?

What will be an ideal response?

Question 2

The attorney you work for is out of town for two weeks and a client's settlement check comes in the mail. The client is anxious to get her portion from the settlement check and does not want to wait for the attorney to return. You know that the attorney's fee agreement was 1/3 plus costs. You may do which of the following?

A. Have the client endorse the check; then you will endorse the attorney's name so you can deposit the check and disburse according to the fee agreement.
B. Endorse the attorney's name and give the client the check to cash with instructions that they will have to come in next week and settle up with your boss.
C. Have the client endorse the check and give him a check from the trust account representing his share minus costs and ask him not to cash it until your boss gets back to deposit the settlement check.
D. Calculate the disbursement according to the fee agreement and have the checks prepared. Also schedule the client for an appointment to meet with your boss as soon as he gets back for the disbursement and endorsement of the check.
E. All of the above are appropriate.

ApricotDream · **Reply #1 on:** Aug 3, 2018

Answer to Question 1

A trade secret requires that the owner take reasonable precautions to protect the secret. Companies can also adopt policies regarding remote access to company computer networks and systems, telecommuting, e-mail and Internet usage, and access rights to sensitive information. Companies can also utilize technological tools such as firewalls, user monitoring, and encryption to protect data to protect trade secrets. An owner of a trade secret may also enter into a confidentiality agreement to prevent disclosure of protected trade secrets.

Answer to Question 2

D