Trade Secrets Research Paper Example | Topics and Well Written Essays - 1000 words

Trade Secrets - Research Paper Example Companies describe the requirements for information security on conventional ‘perimeter’ arena. All organizations make large investments to safeguard the physical assets and also the infrastructure of information. Even though this approach is efficient in hindering the unauthorized people from getting admission from outside, it does nothing to hinder theft or even loss of serious information by people inside the organization (Fink, 2002). If a company fails to measure the long term effect of espionage activity so a single, defined, calculation of the monetary fatalities indirectly and directly might take place due to economic espionage on yearly basis can never be made. Assumptions have been made in the past which begins from $53 billion to $1 trillion. Fatalities can only imitate inventory ‘snapshots’ when audit was carried out. Reporting as such does not take into consideration the lost jobs and sales activities that can take a long time. Trade secrets are identifies when they are kept in draft or formal documents, computer files, working papers, calendars for appointment, internal communication, policy documents, regulatory and legal filings, newsletters, meeting minutes, patent applications, and annual reports (Doyle,2012). Usually collectors like the idea of improving clues to the secret information of trade secret from dumpsters located in and outside building. Trade secrets are also found in memory banks of the employees, and are discussion topics at local areas. Experiences collectors use illegal and legal means together to come up with a balanced collection of human and technical and direct and indirect approach. Internet is also widely used by spies and collectors to find out information and at the right time hide their affiliation, genuine identity, and also the location. The publically used internet locations include colleges, libraries, and universities for instance who give brilliant information and legitimacy too (Fink, 2002). EEA (The Economic Espionage Act) forbids two forms of the trade secret theft for the advantage of any foreign entity known as economic espionage and also the theft of trade secrets (theft for pecuniary gain). Under any prohibition, its reach widens to the theft from this electronic storage. Criminals have to go through imprisonment for a time period of less than ten years in case of the trade secret theft and also not more than fifteen years in case of economic espionage. Individuals may acquire fines of less than $250,000 or twice the gain or loss linked with felony for trade secret theft and also for economic espionage less than that of $5 million or even twice the gain or loss. Firms are fined more harshly, up to a degree of $5 million or even twice the loss or gain for the trade secret theft. Firms are charged a charge of less than $10 million, which is thrice that of trade secret, or even twice that of loss or gain with the felony in case of economic espionage. According to EEA, trade secret is defined as any information that demonstrates economic value’s true potential not known to or willingly ascertainable via right means by public, and owner takes practical measures to keep this information a secret. An owner in this case is the one who is right full authoritative or is equitably likely titled or licensed to when trade secret is relaxed. A person found guilty of stealing trade secret is only liable if he knowingly robs a trade secret, changes it, alters or destroys it, or even accepts a stolen trade secret

Diploma in Ship Superintendancy Module 3 TMA Essay

Diploma in Ship Superintendancy Module 3 TMA - Essay Example This can be followed when there is enough Insurance for the ship and the cargo. I t is important to know to whom the insurance is named after and whether the insurance is assigned to a bank under a loan agreement. The extent of the insurance should be known for there may be uncovered items. Then there is Freight Management which is the provision of voyage orders and other information to enable the master to plan and undertake the voyage, of voyage estimates and accounts, the calculation of hire and freights, dispatch and demurrage and the arrangement of the correct collection and payment of all charter hire and freight monies. Fifth would be Accounting which is the accurate records of accounts. Sixth is Chartering which is the owner's instructions. Proper coordination with the owner, or a selected organization, is crucial to avoid mistakes. Next is Vessel Sales and Purchase. This is a major activity where the exchange of the purchase price with the deed of sale of the ship along with the physical asset. Eighth is Provisions and Bunkering. This is the negotiation for competitive prices for optimum quality for shipment. Then we have Operation, which includes voyage estimates, voyage instructions, appointment of agents and stevedores and the arrangements for surveying cargoes. ... Seaworthiness and cargoworthiness always go hand in hand. As an overview, seaworthiness is the shipowner's responsibility to see the ship is fit for travel and cargowothiness is the responsibility to make the cargo hulls safe for the cargo and the cargo safe for transport. Related directly as the shipowner's right to limit his liabilities, the concept is of seaworthiness is a very important in legal context. This is achieved by proper preparation at the start of the voyage. This means that the ship must be properly manned, equipped and supplied. The parts of the ship in which the good are carried must be fit and safe for receipt, carriage and preservation. At the event that cargo is not at par with the cargo owner's desires, the right to limit the liabilities can then be challenged at court. The concept of cargoworthiness relates as the consideration associated with fitness for purpose and condition. This is now the cargo owner's task to see that his products are properly transported. This is important for both the cargo and ship owner's because it will definitely limit future problems with substandard shipments. Furthermore, the cargo must be properly loaded, stowed, carried, discharged and delivered. This now is the mainly the responsibility of the cargo owner, although it does go hand in hand with the shipowner's task of keeping the ship seaworthy. Even if the ship is of perfect condition for cargo containment, without the proper handling and transport of the cargo to and from the vessel, it is still likely that the goods are to be damaged. 3. The process involved in amending (in 1995) the STCW convention and ensuring that it operates consistently and effectively Back in 1974 when the STCW convention was first introduced, it was