Running Head: BUSINESS LAW ESSAY 04 1
AC1109201
Business Law
Assignment 4_04
8/10/15
PART A
BUSINESS LAW ESSAY 04 2
Coca-Cola has actually one among the best-kept secrets for at least a century now. As a
result of the trade secret, Coca-Cola happens to be the global leader within the beverage industry.
It will be realized that its associated trade secret regarding the formula of the best popular soft
drinks within America is worth lots of dollars (Quinn, 2012). By definition, a trade secret refers
to an explicit protection which accrues to a creator or an inventor of a particular intangible asset.
The common examples related to trade secrets extend to include chemical formulas, business
plans, customer lists and inventions among others. The key means for shielding trade secrets is
normally through contracts (commonly non-disclosure agreements). As Coca-Cola permits very
few individuals within the firm access towards the formula as well as adopting active measures
focused at ensuring its trade secret remains safe, then it has truly been effective in protecting the
