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Patents and Trade Secrets

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List at least three factors that weigh in favor of patents. List three factors that weigh in favor of trade secrets.

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This solution discusses patents and trade secrets and includes 2 references.

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List at least three factors that weigh in favor of patents.

(1) Patents are advantageous because it gives the inventor exclusive rights to the invention or process. By doing so, no other company or individual can duplicate the same process or invention and profit from it.
(2) If a company or individual does attempt to duplicate the patented material, the patent holder can sue and the courts can force the guilty party to immediately stop production using the stolen innovation or process.
(3) Another advantage of a patent is that if the original patent holder ...

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