THE PROTECTION OF TRADE SECRETS AS CONFIDENTIAL BUSINESS INFORMATION

Generally, Trade Secrets refers to a business related activity which can be a secret method,
design or a tool or a collection of information undisclosed to the common people and the owner
makes responsible efforts to keep such information very confidential. The company'sinterest is
protected by the way of protecting Trade Secrets among the rivals in the competitive market.
In simple terms, a trade secret is valuable commercial information kept confidential. It can
encompass various details like customer lists, distribution networks, advertising strategies, or
technical know-how. Unlike copyrights, patents, or designs, trade secrets don't grant exclusive
rights to the owner. Others can independently discover or reverse- engineer them without
infringing.
Trade secrets offer benefits without formal registration or costs, arising from their creation.
However, their value relies on remaining secret. Once known or properly developed by others,
their utility diminishes.