Answer this question: What does TRIPS stand for and does it apply to the Hypo be

Question

Answer this question: What does TRIPS stand for and does it apply to the Hypo below? Explain how and why it would or would not apply.

The TRIPS agreement puts down the following criteria for information to qualify as confidential information or a trade secret:

•    It must not be generally known or readily accessible by people who normally deal with such type of information
•    It must have commercial value as a secret
•    The lawful owner must take reasonable steps to keep it secret.

HYPOTHETICAL: The employee, David Chang used to work as a research scientist for Dow chemical co. and during his tenure had access to secrets related to manufacture of chlorinated polyethylene or CPE used in the making of Vinyl siding, electrical cable jackets and industrial hoses. He was friends with several employees in development and paid them to obtain information which he knew was of ‘immense value’ to competitors. On his visits to his home country-- CHINA-- he marketed and sold the info in China.

Explanation / Answer

TRIPS stands for Trade Related Intellectual Property Rights. No, it does not apply to the hypothetical situation given below.

Reasons:-

The conditions given in the question must be satisfied in order to meet the TRIPS.

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