Trade Secrets and IP

July 24, 2009
Intellectual Property News and Interesting Facts

The sanctioned protection of such type of information from public disclosure is viewed as an important legal aspect by which a society protects its overall economic vitality. A company typically invests money, time and energy into generating information regarding refinements of processes and operations. If competitors had access to the same knowledge, the first company’s ability to survive or maintain its market dominance or market position and market share would be impaired. Where trade secrets are recognized, the creator of knowledge regarded as a “trade secret” is entitled to regard such “special knowledge” as intellectual property.