4. May trade secrets be sold?

As with other types of property—such as goods, accounts receivable, patents and trademarks—trade secrets may be sold by one business to another. Most trade secret sales occur as part of the sale of the business owning the trade secret, but that is not mandatory.

Related terms: covenant not to compete by owners of a sold business; licensing of trade secrets; specific performance of covenant not to compete.

Patent Copyright & Trademark
Patent, Copyright & Trademark: An Intellectual Property Desk Reference
ISBN: 1413309208
EAN: 2147483647
Year: 2003
Pages: 152

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