The secret is a part of intangible assets which are recoverable of a firm. Although not recognized as an intellectual property right, the secret is considered like another mean to protect the valuable intangible assets because it’s a mean to protect legally the intangible capital of the firm. This information is kept secret and can give a competitive advantage.
It’s important to understand the concept of trade secret to spot the type of the information which may be subject to trade secret protection, considering the limits and advantages of this protection mode. Confidentiality and non-disclosure agreements are means to protect the trade secret within external relationships.
Estimated duration: 2 hours.
- Tutor: Miroslav Kurdov