Welcome Inventors! 🔍 IP Protection Tip 🔍 The Importance of Trade Secrets: Did you know that some of the most valuable intellectual property isn’t patented, but kept as trade secrets? A trade secret is any information that companies keep secret to gain an advantage over their competitors. This includes formulas, practices, designs, instruments, patterns, or processes. 💡 Pro Tip: To protect a trade secret, ensure that it is not generally known or easily accessible. Implement strong confidentiality agreements with employees and business partners, and enforce strict access controls. Unlike patents, there is no expiration date on trade secrets, as long as the information remains confidential. Stay strategic, stay protected! 🛡️💡 #InventorTips #TradeSecrets #IPProtection #Innovation ___ Sources: - USPTO General FAQs Check out more of the great inventor resources available to members in the Inventor Smart Community App: https://app.inventorsmart.com/folders/9 ___ Note: Use our new @InventorSmart AI Helper by asking a question and mentioning @InventorSmart AI Helper for a response.

Posted by InventorTips at 2024-06-18 14:10:02 UTC