A trade secret consists of a simple formula, internal manual, data and information, business methods and procedures, practically any information which confers an economic advantage but which is also not generally know or ascertainable. A trade secret also requires reasonable measures to protect the information. A trade secret can be kept secret indefinitely, providing longer protection than a patent which has a limited duration. However, a third party can independently generate this information and use it as there is no formal protection once the trade secret is independently generated.
Most companies protect trade secrets using a combination of non-compete agreements and non-disclosure agreements along with internal procedures to maintain the secrecy of the information.
The Law Offices of Ravi K. Nigam are committed to provide high quality affordable legal services that relate to intellectual property. Whether you seek protection, registration, enforcement, licensing or are defending a claim, we are able to provide you legal services every step of the way. Contact the Law Offices of Ravi K. Nigam today to obtain a legal consultation to discuss your intellectual property needs.