• PARMESHWAR KUMAR MAHTO

A trade secret (or confidential information as it is referred to in Australia) is a form of intellectual property that gives the firm who owns it an advantage over its competitors as long as the firm manages to keep it a secret. The intellectual property protected under trade secret protection does not have to satisfy any requirements of novelty, utility or non-obviousness. The only requirements are that there is no prior art or prior disclosure (that is, the information has the quality of being secret) and that the owner has been taking reasonable measures to maintain secrecy. Trade Secret law is basically about the whatand the how. The what is the subject matter that qualifies as a ‘trade secret’. The how is the method by which the bad guy (a misappropriator in trade secret parlance) improperly acquired, used or disclosed the trade secret. Trade secrets are valuable business assets to both innovative and non-innovative firms. As valuable business assets, trade secrets play an important role in economic growth and fostering innovation. “Trade Secrets” is that genre of information that is hard to define, classify and ascertain. This paper introduces the basic concepts of trade secret law. It describes the what and the how, as well as the who, when, where and why. Specifically, it summarizes the information that qualifies as trade secrets, the actions that constitute unlawful misappropriation of those trade secrets.

"Trade Secrets and its Sui Generis Protection System", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.342-351, March-2019, Available :http://www.jetir.org/papers/JETIR1903346.pdf

"Trade Secrets and its Sui Generis Protection System", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp342-351, March-2019, Available at : http://www.jetir.org/papers/JETIR1903346.pdf