Sunday, September 23, 2012

Trade Secrets & Competition Act

Trade Secrets & Competition Act
Trade Secrets, very broadly, are legal rights granted to creators and owners of works that are results of human intellectual creativity. These can be in the industrial, scientific, literary and artistic domains. They give their owners the right to exclude others from access to or the use of protected subject matter for a limited period of time. A trade secret can include a combination of elements that are in the public domain, if the trade secret constitutes “a unique, effective, successful and valuable integration of the public domain elements”. This principle simply recognizes that the choice of individually known components and techniques to create a working manufacturing process is often a difficult undertaking.
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