Unravelling The Secrets Of Trade Secrets
- IJLLR Journal
- 3 hours ago
- 1 min read
Rupsa Mukherjee, BA LLB, KIIT School of Law
ABSTRACT
Trade secrets are intellectual property which play vital role in providing a competitive edge to the business and promoting innovations. Unlike any other intellectual property trade secrets offer unlimited and indefinite protection without registration or any other information in the public domain. This paper explores the perspectives of key scholars and practitioners on economic and legal impact associated to trade secrets. It outlines the historical relevance in secret keeping in businesses with some example of well-known brands who are preserving and safeguarding their trade secrets through which they give a cut edge competition in the market. Furthermore, Part I of the paper discusses what is trade secret, how companies preserve their trade secret and the need to protect it by the business. In this part the paper talks about the advantages which are gained by the business and how maintaining the trade secret provides an edge towards the growth of a business. Part II of the paper discusses the management of trade secret by a company and Part III discusses the legal remedies and preservation of trade secrets in court proceedings.
Keywords: Trade Secret, intellectual property, confidential information, misappropriation, economic value, secrecy, trade secret law, and trade secret protection
Comments