Trade Secrets
Legal Basis
– Trade Secrets Act of August 10, 2018, in force since August 15, 2018.
Membership in International Conventions
– Paris Convention for the Protection of Industrial Property, Stockholm Act.
– WTO's TRIPS Agreement, since January 1, 1995.
Protection
Definition: a trade secret is information: (1) which is not as a whole or the exact composition and combination of its parts generally known or easily accessible to persons who normally process such information; (2) which has economic value in commercial activities due to it being secret; and (3) whose legal owner has taken reasonable steps to protect it.
Assignment - licensing: n.a.
Remedies for misappropriation: injunction and removal of the trade secret infringing goods from the market, compensation and/or damages.