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ARTICLE · 15 MARCH 2016

The ‘Law' On Trade Secrets

While the average business may not have a billion-dollar-generating secret, it may not realise the value in their existing information.

MalaysiaIntellectual Property

When Colonel Harland Sanders opened the first Kentucky Fried Chicken outlet in 1952, neither he nor anyone else could have foreseen that it would grow into 18,875 locations generating US$23 billion in revenue a year, and all due to one trade secret, the "Original Recipe".

Coca-Cola, the world's most valuable brand for 13 consecutive years1 at US$80 billion and based on a sugared beverage served 1.8 billion times a day, was built on a 140-year-old trade secret that the label of ingredients gives no hint of.

A multi-billion dollar business empire can be built on trade secrets.

Every business has its secrets

While the average business may not have a billion-dollar-generating secret, it may not realise the value in their existing information. A business may have more trade secrets than meets the eye (and these are not limited to industrial or manufacturing processes).2

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