Trade Secrets
Legal Basis
– Trade Secrets Act, in force since April 20, 2019.
Membership in International Conventions
– Paris Convention for the Protection of Industrial Property, Stockholm Act, since June 25, 1991.
– WTO's TRIPS Agreement, since July 30, 1995.
Protection
Definition: a trade secret is undisclosed know-how and business information that: (1) is secret in the sense that it is not generally known among or readily accessible to persons within the circles that normally deal with the kind of information in question; (2) has commercial value; (3) has been subject to reasonable steps taken, under the circumstances, by the trade secret holder to keep it secret.
Assignment - licensing: possible.
Remedies for misappropriation: seizure and destruction of trade secret infringing goods, compensation for damages.