Protection of trade secret or confidential information often compliments registered and unregistered IP rights. By putting in place confidentiality and non-disclosure arrangements, businesses can protect their know-how and other vital business information. This can include formulas, processes and industrial methods, as well as sensitive business information such as customer lists and pricing information. Surveys have shown that in most economic sectors in the EU, companies consider protection of their trade secrets and confidential information more important than protecting their inventions through patents.* To benefit from the available legal protection for trade secrets, it is vital that those who have the information are aware that it:
- is confidential
- is not disclosed to anyone who is not under a duty of confidentiality
- is not put into the public domain
- actually has some commercial value now or in the future
To find out more about trade secrets, read our article explaining the recent changes to the law which help to bring the UK's approach in line with the EU Trade Secrets Directive.
*This is according to the EUIOP Observatory report 2017
How we can help
We can advise on the scope of trade secret protection available and the procedure for keeping it protected. We can also advise you on what to do in the event that you find your trade secrets being stolen or if you face an allegation that you have stolen another’s information.
The protection granted to trade secrets is different from country to country and depends upon national legislation.
Working with carefully chosen attorneys around the world, we can provide guidance on how you may need to protect trade secrets in other countries.
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