What Law Protects Trade Secrets?

Intellectual Property Protection for Trade Secrets

The law that provides intellectual property protection to the holders of trade secrets is the Economic Espionage Act.

Trade secrets are valuable assets for businesses, as they include confidential information such as formulas, designs, practices, or processes that give a company a competitive edge. To protect these secrets from theft or misappropriation, the Economic Espionage Act was enacted to provide legal recourse for companies whose trade secrets are compromised.

The Economic Espionage Act

The Economic Espionage Act is a federal law that protects trade secrets under intellectual property law. It makes it illegal for competing firms to steal or misappropriate these secrets, ensuring that companies can maintain their competitive advantage in the marketplace.

Final Answer:

The Economic Espionage Act protects trade secrets under intellectual property law, making it illegal for competing firms to steal or misappropriate these secrets. The correct option is d.

Explanation:

The law that provides intellectual property protection to the holders of trade secrets is the Economic Espionage Act. This Act makes it illegal to steal or misappropriate trade secrets, allowing companies to keep formulas, designs, practices, or processes confidential without the need for a patent or copyright. Competing firms are prohibited from unlawfully acquiring these secrets, maintaining a fair competitive environment.