The Secret Of Trade Secret Success

Coca-Cola 's recipe is one of the best kept secrets in the world. Developed by a pharmacist, it has been closely guarded and known to only a few privileged employees for more than 100 years. Coca-Cola built a successful global brand on it, and competitors have fiercely hunted it. Similarly Col. Sanders' secret recipe of 11 herbs and spices for KFC and the formula for WD-40 are also both closely kept secrets that have helped to build...

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What are the disadvantages of getting a patent, if any?

There are many advantages to patenting your inventions. You are granted a monopoly on your invention by the government in your jurisdiction for a known period of time. You can license it to others and collect licensing fees and royalties. You may also use it as a trading card with a competitor, e.g., licensing your patent to a competitor, and in return, obtaining licensing rights to a patent that is owned by the competitor. It is a very...

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What is intellectual property act?

IPR stands for Intellectual Property Rights. To understand about Intellectual Property Rights, it is important to understand about the Intellectual Property (IP). Intellectual Property refers to the property which has both moral and commercial value and that comes out from the human intellect that may be a creation of human minds, inventions, copyrights on musical, literary, dramatic, artistic works and symbols, names, images used in commerce.     IP...

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Why does Coca Cola Company fail to protect their receipe with patents?

We shall remember that, at any time, choices of IP protection shall always rest on profitability. If the patent protection make people lose money, then people would choose to avoid that. By patenting the receipe of coke, Coca Cola company have to DISCLOSE the receipe to the world. In return, the receipe MAY be protected for a max of 20 years. After the protecting period expires, Coca Cola receipe falls into public knowledge, and anyone...

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Anti-dumping of Goods Imported to Vietnam

Recently, the Ministry of Industry and Trade of Vietnam has carried out investigations to apply anti-dumping measures against some commodities imported into Vietnam. The law of Vietnam also has a number of law documents governing this matter in detail. Specifically, ordinance No. 20/2004/PL-UBTVQH11 issued on April 29th, 2004 of the Standing Committee of the National Assembly and the Decree No. 90/2005/ND-CP issued on July 11th,...

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I have been selling books and realized one of them is a copyrighted. What should I do?

Almost any written work is copyrighted. Rights exist as soon as the proverbial pen leaves the page; i.e., there’s no “copyright application” process or anything like that. (There is a copyright registration process, in which an author deposits a work with the Library of Congress. But this registration process is optional. Moreover, you don’t have to have a copyright notice, i.e., a legend like “(c) 2018, Charles The Patent Lawyer” somewhere...

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How do I make a secure copyright image?

I only can offer a perspective under US law. Three things you can do to help you enforce your copyright interest in a phone.    Copyright in Vietnam  Register the photo with the US copyright office. You now can do it online. Put a copyright notice on it. For example, (c) 2018 Your Name, or “Copyright 2018 Your Name.” You are not required to register with the US Copyright Office to use the notice. Put a watermark on it....

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When Can the Buyer Suspends the Payment of the Goods Under International Sale Contract?

In the execution of sales of goods contract, there are cases in international trade that allow buyer suspend the payment of the value of the goods to the seller. International Trade Law Firm in Vietnam According to Article 51 Law on Commerce 2005, it is regulated that, unless otherwise agreed, the suspension of payment for goods is provided for as follows: -The buyer that has proofs of deceit of the seller shall have the right to suspend the...

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When is Bank Guarantee Obligations Terminated?

According to Vietnam Law on Credit Institution, and Circular 07/2015/TT-NHNN on bank guarantee, bank guarantee refers to a type of credit whereby the guarantor undertakes to act on behalf of the obligor to fulfill their financial obligations to the obligee in the event the obligor fails to fulfill or insufficiently fulfill their agreed-upon obligations to the obligee; the obligor must take on their debt obligations and repay the guarantor. Bank...

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Why aren't startup business models protected by copyrights?

There is no law that can automatically grant protection to a business idea or a business model. Why? The Laws of Intellectual Property do not protect ideas, rather, they protect the individual expression of their ideas. Given the right to freedom of expression no law has the power to restrict or override such fundamental right. This means that someone can copy or make a variation of your original business idea. IP Services in Vietnam How...

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What Are Rights and Benefits of the Employee Suffering the Occupational Accident?

Accidents can happen at any time at work. Whether a workplace accident is the result of employee carelessness or employer negligence, employers must take responsibility for accidents to employee. Labour Accident Lawyers in Vietnam Vietnam Labor Code defines occupational accident is an accident that causes injury to any part and function of the body or death to employee occurring during the working process associated with the implementation...

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What International Laws in International Trade Vietnam is a Signing Party to?

International trade is important for each country to grow economically and influence through exchanging products and services, utilizing resources that create competitive advantage over others.  In order to enable international trade, Vietnam has been a signing party to a number of international laws, international conventions, free trade agreements. International Trade Lawyers in Vietnam Up to present, Vietnam is a signing party to the: ·         UN...

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