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Theft of trade secret is the act of illegally obtaining commercial or technical information that is used by businesses to gain an economic advantage over competitors or customers. It is considered as a federal crime.

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9y ago
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12y ago

"Theft" isn't really the word to apply here, because it's not exactly thievery; usually we use "violation" or "infringement" when talking about intellectual property, because we're violating the owner's rights.

Uploading a song to YouTube without a license would be an example of copyright infringement.

A knockoff Coach bag would be an example of trademark infringement.

Counterfeit drugs would be an example of patent infringement (and trademark infringement).

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13y ago

Theft of intellectual property can go under various names:

Plagiarism is passing off someone else's work as your own.

Copyright Infringement is copying, distributing, altering, or performing/displaying someone else's work without permission.

Trademark Violation is using someone else's business name, logo, or slogan on your own product, to cause confusion in the marketplace.

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11y ago

Most so-called "theft" of intellectual property is more accurately called infringement, although certain violations of trademark and patent laws in particular can be prosecuted as fraud.

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Can pricing information be a trade secret?

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