Let?s examine the four
Let?s examine the four main areas of Intellectual Property law: Trade Secrets, Copyrights, Trademarks and Patents.
Trade Secrets
Trade secrets give the owner a competitive edge. If some information has value to competitors and they don?t know about it ? then it?s a trade secret. If the information was not kept reasonably safe (secret) then it?s not a trade secret. Trade secrets may be sold with the business or stolen from bad employees. Maybe a former employee didn?t sign a non-disclosure statement before going to work at the competition. Some also reverse engineer software to gain the source code. This highly protected source code for computers is their trade secret, giving them an advantage over the competition. The trick is you have to keep your trade secrets as such, secrets.
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