Trade Secret Information

What is Trade Secret?

Trade Secret are Intellectual Property Rights such as formula, process, practice, pattern, design, method, compilation of these, etc. usually unknown to outsiders and they are extensively vulnerable in nature as they carry the sensitive informations about the Products or Services which if leaked or known to the Competitors will lead to the massive losses.

What is an International Trade Secret?

When the seller wants to secure the Trade Secrets of its Products or Services not only in the domestic boundaries of its nation but rather also to extend it to the whole of the world in the entire international market.

Are Trade Secrets registered internationally?

Yes. Trade Secrets can be registered internationally by ICRIPRO (International Copyright and Intellectual Property Rights Organization) like other similar Intellectual Property Rights which is the Ultimate Registry for registering Trade Secrets internationally.

What are the outcomes if Trade Secrets are not registered internationally?

If Trade Secrets are not registered internationally by ICRIPRO (International Copyright and Intellectual Property Rights Organization) the secret information possessed by the seller about the Products or Services shall not be safe and secured and anyone with the illicit motive of using it for its own Commercial benefits or can infringe it and there shall be no remedy available in the hands of the seller and has to suffer million dollars losses.

Is it mandatory to register Trade Secrets internationally?

Yes. Sellers should get International Trade Secret Registration done by ICRIPRO (International Copyright and Intellectual Property Rights Organization) and if not registered, subjected to violation of international treaties and violation and may be penalized.