What is a Trade Secret? | IP Conversations
Priggya Arora - The Patent Mentor
Author of "Protect Your Innovation" | Helping innovators and business owners Discover, Protect and Monetize Innovation through Winning Patent Strategy
Why? What? When? How? These are some of the most used words in John’s dictionary. He's pretty curious about the workings behind what happens in his life, and many of those have to do with the inventions and the aspects of intellectual property in the world around him.
"Trade Secret" is a term most people know about, and it's used to explain everything from secret recipes to tongue-in-cheek jokes about client interactions. But did you know that there are specific legal aspects for what makes something a trade secret?
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Legal Analyst at Klarity | Ethical AI and Social Justice | LegalTech | IPR enthusiast | Legal and Content Writing
2 年This is explained in such a lucid manner! Well done Priggya Arora. Trade secrets are gaining momentum, and it's important when the industry is getting more focused on privacy in the commercial aspects of the business. (Well, who would spill their "secret sauce" just like that?!) In India too, the recent Data Protection Bill, 2021 has raised a lot of concerns about trade secrets and how businesses would function in such a scenario where non-personal data is included in the Bill. I would love to know your views as well on this aspect as there would be a check on the fairness of algorithms and data portability too.
Legal Consultant| IPR Attorney| Legum Magister| Freelance Writer
2 年The only problem with trade secrets for India is that there's no specific statute for protecting it. Neither are there any provisions once the TS is leaked.
LinkedIn Growth |Building Brands| Social Media Marketing | Strategy Content Marketing | Brand Marketing |Brand Consulting Marketing Strategy | Growth Marketing |Brand Builder
2 年Insightful share ??