aysar202t ‘Trade Secre's WIPO WORLD INTELLECTUAL PROPERTY ORGANIZATION Trade Secrets What is a trade secret? Trade secrets are intellectual property (IP) rights on confidential information which may be sold or licensed. Video: What is a trade In general, to qualify as a trade secret, the information must be: secret? + commercially valuable because itis secret, + be known only to a limited group of persons, and + be subject to reasonable steps taken by the rightful holder of the information to keep it secret, including the use of confidentiality ‘agreements for business partners and employees. ‘The unauthorized acquisition, use or disclosure of such secret information in a manner contrary to honest commercial practices by others is regarded as an unfair practice and a violation of the trade secret protection. > What kind of information is protected by trade secrets’ In general, any confidential business information which provides an ‘enterprise a competitive edge and is unknown to others may be protected as a trade secret. Trade secrets encompass both technical information, such as information concerning manufacturing processes, pharmaceutical test data, designs and drawings of computer programs, and commercial information, such as distribution methods, list of suppliers and clients, and advertising strategies. Atrade secret may be also made up of a combination of elements, ‘each of which by itself is in the public domain, but where the ‘combination, which is kept secret, provides a competitive advantage. Other examples of information that may be protected by trade secrets include financial information, formulas and recipes and source codes. 2 Depending on the legal system, the legal protection of trade secrets forms part of the general concept of protection against unfair ‘competition or is based on specific provisions or case law on the jesecretalenif~text~Trade secrets are intel tual property may be sold or icensed &te 3 subject to reasonable steps,for .. 4/9arsai20at ‘Trade Secre's protection of confidential information, While a final determination of whether trade secret protection is violated or not depends on the circumstances of each individual case, in general, unfair practices in respect of secret information include Industrial or commercial espionage, breach of contract and breach of confidence. A trade secret owner, however, cannot stop others from using the same technical or commercial information, if they acquired or developed such information independently by themselves through their own R&D, reverse engineering or marketing analysis, etc. Since trade secrets are not made public, unlike patents, they do not provide “defensive” protection, as being prior art. For example, if a specific process of producing Compound X has been protected by a trade secret, someone else can obtain a patent or a utility model on the same invention, if the inventor arrived at that invention independently, > How can | obti information? certified proof of existence for my confidential WIPO PROOF may be used as a step to preserve the confidentiality of your information. With a special digital encryption system, it time stamps your confidential information without being stored outside your sphere. The encrypted proof, which cannot be modified, can certify the ‘existence of the work at a certain point in time, thus providing a ‘complementary protective measure for your trade secrets. Read the full lst of trade secrets FAQs. Trade secrets in action ‘Trade secrets are a key component of IP portfolios helping businesses protect their secret formulas, know-how and other key information that gives them a competitive edge, (PHOTO: FLICKRIDOMINIC LOCKYER) (PHOTO: FLICKRIGLENN BROWN) (nore Uz wesn = A secret from the Caribbean Bridging the gap from lab to Moving healthcare to the cl market jesecretalenif~text~Trade secrets are intel tual property may be sold or icansed atext=be subject to reasonable steps for... 213,arsai20at With its main IP being nearly two hundred years old, Angostura Limited from Trinidad and Tobago has found that the best way to protect its product is through using trade secrets. Laws and treaties International treaties The Paris Convention for the Protection of Industrial Property (Paris Convention) administered by WIPO deals parly with the protection of trade secrets as, does the World Trade Organization's (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement). Related links Information resources Case studies Articles Teaching material: IP Panorama jesecretalenif~text~Trade secrets are intel ‘Trade Secre's Although patents are the primary tool with which Thailand's National Science and Technology Development Agency protects its innovations, at times trade secrets are necessary, in particular for the protection of know-how. IP laws and treaties (WIPO Lex) The WIPO Lex database is a comprehensive search tool that allows you to search national laws and international treaties on intellectual property. Workshops and seminars tual property may be sold or icensed &te ‘American software company Tiatros Inc. protects its know-how and trade secrets to ensure its competitiveness. Symposi Secrets an ion al 4 Secrets and Innovation (November 2019) - Exchanging ideas and perspectives on issues relating to the interface between trade secrets and innovation. About IP Patents Trademarks Copyright Industrial designs Geographical indications 3 subject to reasonable steps,for .. 3/9