TRADE SECRET PROTECTION IN

INDIA

SHIVENDRA KUMAR
A8111118071
SEC-A
WHAT IS TRADE SECRET?
Trade secrets are  Intellectual property (IP) rights on confidential information which may be sold or licensed.
In general, to qualify as a trade secret, the information must be:
• commercially valuable because it is 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
Protection under various laws:

1.  Indian Contract Act

2. The Copyright (Amendment) Act, 2012

3.  Information Technology Act

4. The Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992
Importance of trade secret protection:
1. New Innovation/ Technology

2. Growing Significance of Trade Secret Info

3. The Rise in Global Threats

4. Uniform Trade Secrets Act

CONCLUSION