Protecting Trade Secrets in India
Trade Secrets are IP rights that apply on confidential information. Any information that has a commercial value because it is a secret, known to limited people, and is subject to reasonable steps taken by the rightful holder of the information to keep it a secret, including the use of confidentiality agreements for business partners and employees, is termed as a trade secret. For example, the secret formula for Coca-Cola, which is locked in a vault, is an example of a trade secret that is a formula or recipe. Since it has not been patented, it has never been revealed.