Trade Secrets

A trade secret may refer to a practice, process, design, instrument or a compilation of data or information relating to the business which is not generally known to the public and which the owner reasonably attempts to keep secret and confidential. Trade secrets are Intellectual property (IP) rights on confidential information which may be sold or li-censed.

In general, to qualify as a trade secret, the information must be:

• commercially valuable because it is secret,
• known only to a limited group of persons, and
• subject to reasonable steps taken by the rightful holder of the information to keep it secret, including the use of confidentiality agreements for business partners and employees.

At Genesis Legal, we help our clients in identifying valuable trade secrets and guide them as to how these trade secrets can be used for commercial benefits. We assist our clients by providing complete solutions, from agreements to litigation, in order to protect their interests.