BUSINESS C12V BUSINESSC12V BUSINESS/C12V ASSIGNMENT 4_06
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BUSINESS C12V BUSINESSC12V BUSINESS/C12V ASSIGNMENT 4_06
C12.S.6.1 BUSINESS LAW ASSIGNMENT 4_06
ASSIGNMENT 4
PART A:
1.Dr. John S. Pemberton, who invented Coca Cola in the late 1800’s, kept his formula a close secret. He only shared it with a small group of people. After the company was sold a couple times, the new owner, Ernest Woodruff had the formula written down on paper and placed in a vault in 1919 and it was kept there until 1925.
He then moved it to the Trust Company Bank (now called Sun Trust) where it remained until it was once again moved in 2011 to another vault at the World of Coca Cola in Atlanta, Georgia.
2.
Description
BUSINESS C12V BUSINESSC12V BUSINESS/C12V ASSIGNMENT 4_06
C12.S.6.1 BUSINESS LAW ASSIGNMENT 4_06
ASSIGNMENT 4
PART A:
1.Dr. John S. Pemberton, who invented Coca Cola in the late 1800’s, kept his formula a close secret. He only shared it with a small group of people. After the company was sold a couple times, the new owner, Ernest Woodruff had the formula written down on paper and placed in a vault in 1919 and it was kept there until 1925.
He then moved it to the Trust Company Bank (now called Sun Trust) where it remained until it was once again moved in 2011 to another vault at the World of Coca Cola in Atlanta, Georgia.
2.In 2007, two Coca Cola employees conspired to steal and trade Coca Cola secret formula to it’s rival, Pepsi-Co. Instead of accepting the offer, Pepsi-Co alerted Coca Cola and the employees were caught with a sting operation.
3.I believe one of the main reasons why Coca Cola would choose to protect their formula as a trade secret would be time. A trade secret does not have a limited time that it would be
BUSINESS C12V BUSINESSC12V BUSINESS/C12V ASSIGNMENT 4_06
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BUSINESS C12V BUSINESSC12V BUSINESS/C12V ASSIGNMENT 4_06
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