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This can include a variety of information and material of a commercial, financial, industrial, technical or scientific nature - anything from a client or supplier list to a manufacturing process to a marketing method can constitute a trade secret. Unlike a patent however, as soon as the secret is discovered in any honest way, the discoverer has the full right to use the information.
There can be great value in properly protecting a trade secret - having exclusive information that is not widely known or not easily obtainable can give you a significant competitive advantage in the marketplace.
Aventum IP Law LLP can help you protect your trade secret by drafting appropriate contracts, such as non-disclosure and non-competition agreements, in addition to suggesting added safeguards to defend your valuable assets.
As long as the information qualifies as a trade secret, there is no time limit to its protection.
There are some significant advantages that patent protection offers over trade secret protection:
To learn more about patents click here.
Yes, once the patent application becomes public you will no longer have trade secret protection.