Which of the following is a difference between a patent and a trade secret?
A) A patent grants its holder exclusive monopoly over the product for 20 years, whereas a trade secret does not.
B) A trade secret goes into the public domain after a period of 10 years, but a patent does not.
C) The law protects a trade secret that has been reverse engineered by a competitor but not a patent.
D) Business methods are generally protected by patent laws, but they cannot be protected by trade secret laws.
A
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Answer the following statement true (T) or false (F)
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