Less-known is the growing importance of trade secrets and the role they play in our economy, including their impact on the patent system. Trade secrets are by definition valued by their owners.

Business owners often ask whether they should protect their intellectual property with a trade secret or a patent. The answer is: It depends. The first thing to consider is what it is that needs ...

Trade secret and patent laws both provide intellectual property protection but have conflicting requirements that can impose challenges for a company seeking to maximize its protection under each ...

Rather, trade secrets and patents complement each other in a robust IP portfolio. By adopting some best practices, each innovation can be catalogued and protected as a bundle of trade secrets and ...

“Understanding the requirements and advantages of both patents and trade secrets helps companies make informed decisions on how best to protect their IP, while ensuring that companies can have a ...

CommentaryAttorney Analysis from Westlaw Today, a part of Thomson Reuters. April 09, 2024 - There are four types of intellectual property rights: patents, copyrights, trademarks, and trade secrets.

“Trade secrecy features a far more pliable subject-matter definition, especially compared to the strict set of statutory categories found in patent law. The DTSA merely requires that the secret ...

Two forms of intellectual property—patents and trade secrets—are used to protect technological innovations. Common wisdom is that businesses must choose one or the other, because patents and ...

and at least somewhat reduce the burden of trade secret theft to the business community and the overall American economy. 2. Federal Leadership to Protect Patent Rights Overseas – and at Home In ...