Abstract

The justification for the increasing importance placed on intellectual property rights is self-evident. These are necessary to incentivize people to invest money, resources, and time in innovation and creation. Trade secret protection is considered the most important among knowledge and innovation-based businesses. This article attempts to investigate the nature of trade secrets as intellectual property. The article further explores economic and philosophical justifications for trade secret protection and internationally available level of protection. The article concludes with the recommendation of a dedicated law that provides a basic framework concerning to trade secrets even if it merely states all the common law remedies in one place.

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