Question

In: Economics

Rocky created a special recipe for a barbeque sauce that he calls the “Fire Starter.” Rocky...

Rocky created a special recipe for a barbeque sauce that he calls the “Fire Starter.”

Rocky sent the recipe to Big Foods, a company that sells barbeque sauce, in hopes of working out a partnership with Big Foods. Big Foods did like the barbeque sauce and introduced it under a new name without compensating Rocky. What best describes the situation?

Solutions

Expert Solution

Offering customers something they cannot find anywhere else is one of the best ways to entice consumers, but some restaurateurs and chefs may not realize that their "one-of-a-kind" recipes may not stay that way unless they have legal protection. That's where phrases like "trade secrets" or "our proprietary formula" come into play according to the law.
The simple answer, without taking proper precautions, is usually 'Nothing,'"

So rocky cannot do anything because his recipe is not patented according to the law.

Rocky, however, could be proactive when it comes to protecting his recipes and products by following the law. Although many individuals may use the word "proprietary" when describing recipes and products, unless they have legally secured the rights. Otherwise their recipes are not actually protected.

Specifically, some legal options may include:

1.Claiming the use of of Trade Secrets.

2. Having employees sign contracts.

3. Applying for copyrights.

4. Or trademarking a name.


Related Solutions

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT