Trade Secrets
It may be confidential business information that provides an enterprise a competitive edge may be considered a trade secret. Usually these are manufacturing or industrial secrets and commercial secrets. These include sales methods, distribution methods, consumer profiles, advertising strategies, lists of suppliers and clients, and manufacturing processes. Contrary to patents, trade secrets are protected without registration.
A trade secret can be protected for an unlimited period of time but a substantial element of secrecy must exist, so that, except by the use of improper means, there would be difficulty in acquiring the information. Considering the vast availability of traditional knowledge in the country the protection under this will be very crucial in reaping benefits from such type of knowledge. The Trades secret, traditional knowledge are also interlinked / associated with the geographical indications.
Trade Secrets Services
- Preparing appropriate confidentiality agreements envisaged to protect proprietary improvement of inventions. Confidential information stands as invaluable assets for many businesses ranging from transnational fortune 500 companies to start-ups and high net worth individuals having assets in venture capital or technology. A broad spectrum of information requires to be protected including salient business matters such as customer’s lists, price lists, and the method of doing business.
- Preparing non-competition agreements.
- Preparing non-solicitation agreements.
- Preparing employee and third party confidentiality agreements.
- Advising clients on trade secret infringement litigation.
- Assisting in evaluating your company’s requirements with a view to developing policies and procedures customized to address the client’s specific needs.
To know more about this, please write to us at : ipfc@fisme.org.in