There is no specific statute which governs trade secrets. Trade secrets are protected under common law under the tort of breach of confidential information, or alternatively, by breach of contract, if any.

Membership in International Conventions

– Paris Convention for the Protection of Industrial Property, Stockholm Act, since January 1, 1989.
– WTO's TRIPS Agreement, since January 1, 1995.

Protection

Definition: the phrase "trade secret" has been defined by case law to mean some proprietary right of the employer, either in the nature of trade connections or in the nature of some secret process of manufacture as well as information which any reasonable employee would recognize as secret to his employer's business.

Criteria for enforcement: the same criteria for information to qualify as confidential information is applied to trade secrets. The elements of confidence are: (1) the information must possess the necessary quality of confidence; (2) the information must have been imparted in circumstances imparting an obligation of confidence.

Assignment - licensing: possible. The contract should expressly address the confidential nature of the trade secret(s) and could impose obligations on the parties to ensure the confidentiality of the same, including the duration of the obligations, whether in perpetuity or otherwise.

Remedies for misappropriation: damages and injunctive relief.