Has commercial value because it is secret and.Is secret in the sense that it is not, as a body or in the precise configuration and assembly of its components, generally known among or readily accessible to persons within the circles that normally deal with the kind of information in question.Trade secret encompasses commercially valuable, sensitive and confidential information.Īrticle 39 of Trade-Related Aspects of Intellectual Property Rights (TRIPS) has classified trade secrets as undisclosed information that needs to be protected so long as “such information: While Patents had helped to restrain third parties from reaping the fruit of others’ research, invention and development efforts, Trade secrets, on the other hand, do not have to be innovations or inventions but valuable information (on processes, finance, technical know-how, etc.), that are not generally available to the public. An injunction was granted to restrain him. The defendant had made unauthorized copies which he had intended to put on public display. Here, the Queen and Prince Albert made etchings for their own amusement, intended only for their private entertainment, but they sometimes had prints made to give to friends. One of the earliest case laws that helped in the development of this area of law was Prince Albert v Strange. The concept of Trade secrets and confidential information began to develop with the rise of industrial capitalism in the middle of the 19th century, but went dormant until the late 1940s, when it was realized that this was an extremely useful area of law. The Development, Definition And Scope Of Trade Secrets And Confidential Information This work will also consider the misappropriation of trade secrets, remedies, defences, and some legislations that protect confidentiality and trade secrets in Nigeria. It will define trade secrets and confidential information, state the rationale behind the protection, as well as the scope of confidential information and trade secrets. This disquisition is on the protection of trade secrets and confidential information in Nigeria, which is a subset of Intellectual property rights. In 1991, India changed its laws regarding trademarks, and Coca-Cola can now be sold in that country. In the past, one could not buy Coca Cola in India because Indian law then, required the disclosure of trade secret information.
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