Trade Secret Protections

Trade secret protections safeguard confidential business information that provides a competitive advantage, such as formulas, practices, or strategies. Unlike patents, trade secrets do not require registration and can last indefinitely, as long as the secret remains undisclosed. Businesses take measures like confidentiality agreements and security measures to prevent sharing or theft. If someone unlawfully obtains or uses the trade secret, the owner can seek legal action. The key idea is maintaining secrecy to retain the secret’s value and protect the company's competitive edge.