Definition: [treɪd ˈsiːkrət lɔː] is a jural branch that protects confidential data from unauthorized distribution. This is a kind of intellectual property, which, unlike other analogs, is not subject to registration. As a rule, the owners of companies carefully guard commercial secrets, even from state bodies. The priority task of lawyers, in this case, is not only to preserve secrecy, but also to challenge the illegal appropriation of patents by others. Violators may act as spies of firms-competitors, or even internal personnel. Rivals offered a profitable position, a large amount of money or personal satisfaction.
Trade Secret Law In a Sentence:
- The defense company sued its former employee for selling confidential data, according to the trade secret law clauses.
- To break the trade secret law is possible only under the influence of convincing arguments and great monetary compensation.
Synonyms and related words: classified information law, proprietary knowledge law, confidentiality law