Every business has some unique selling propositions (USP) as the foundation stone to start, operate and compete in the market.
Lawyer
Lex Orbis IP Practice
When that USP is analogous to a pattern, formula compilation, programme, device, method, technique, or process having independent economic value, it is termed as a trade secret.
The above is a conjecture and not a definition.
A trade secret can take any form with the essential parameter of having a commercial value in the eyes of the business competitors.
As the trade secret or confidential information continuously drives the business, therefore a policy formulation to safeguard it becomes imperative to prevent misuse, loss or theft.
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Abhai Pandey is a lawyer with Lex Orbis IP Practice, a firm specializing in intellectual property with offices in New Delhi.
709/710, Tolstoy House, 15-17, Tolstoy Marg
New Delhi – 110 001
India
Tel: +91 11 2371 6565
Fax: +91 11 2371 6556
Email: mail@lexorbis.com
