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ARTICLE · 17 JULY 2024

Comparing And Contrasting Trade Secrets And Patents: An Opportunistic Perspective

Khurana & Khurana, Advocates and IP Attorneys
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A trade secret is an information that is classified as confidential and provides a company with a competitive advantage. As stated in Burlington Home Shopping Pvt. Ltd. v. Rajnish Chibber...

IndiaIntellectual Property

INTRODUCTION

A trade secret is an information that is classified as confidential and provides a company with a competitive advantage. As stated in Burlington Home Shopping Pvt. Ltd. v. Rajnish Chibber, if it were revealed to a rival, it would result in significant injury to the owner.1

Meanwhile, a patent is a unique privilege given for an innovation, that is a product or procedure that provides a structural reform for a challenge. An invention must meet the criteria for innovation, non-obviousness, and industrial usefulness in order to be eligible for a patent.

Trade secrets and patents fall in same domain but differ significantly which induces a lingering dilemma. When compared to trade secrets, patenting rights is expensive and requires adhering to compliance requirements. Moreover, patents require disclosure of information and is only protected for a limited duration of 20 years. The benefits of patent protection, however, are essential because even if an

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