What is the difference between trade secrets/business secrets and patents? Is the protection of patents stronger than that of trade secrets?
When deciding how to protect newly developed technology, it is necessary to consider many factors, from the potential for licensing the invention to the pace of development and the level of competition within the industry. Before choosing either option to protect intellectual property, it is essential to fully understand the relative advantages and disadvantages of trade secrets and patents. A trade secret refers to confidential information about a product, service, or commercial process that is known only to a limited number of people. In contrast, a patent is a legal right that excludes others from using a certain invention, such as a machine, manufactured product, technical method, or industrial process, for a specific period. You must choose whether to obtain a patent and disclose the technology to gain legal rights that exclude others from using the invention for a certain period, or to keep the components, ingredients, or design of the product confidential. *For more details, please refer to the full text via the related link.*
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As a global leading company in the field of intellectual property, we will manage our clients' intellectual property portfolios in the most suitable manner. We provide efficient support through specialized services and high-quality processes, freeing our clients from complex management tasks, enhancing their brand value, and effectively protecting the performance and outcomes of their research and development.