Stardust Coffee Company a U.S. business firm, makes and sells distinc¬tively flavored coffee beverages. Although the recipes are secret, the ingre¬di¬ents could be revealed and the sauces could be reconstructed with dili¬gent efforts. What can Stardust do to prevent its products from being "decoded" and pirated abroad?
One possibility is that Stardust Coffee Company, or any U.S. firm, or any domestic firm in any nation, can license its recipe, formula, prod¬uct, or process to a foreign company to avoid the theft of the trade se¬cret. The foreign firm would obtain the right to make and sell the product ac¬cording to the recipe (or formula, or right to use the process, or other trade secret) and agree to keep the information confidential and to pay royalties to the licensing firm.
You might also like to view...
In Vin del Mar, Chile, there are a dozen stores specializing in selling the same quality of seafood products on one street
An individual store dare not charge more than the going price without the risk of losing business to the other stores that are selling the fish at a common price. This is an example of what type of market? A) perfect competition B) monopolistic competition C) oligopolistic competition D) a monopoly E) an oligopoly
Each connector list should contain two parts: one focused on the organizational level, the other on the people level
Indicate whether the statement is true or false