How to Identify and Protect Key Information Known as Trade Secrets
Type
E-journal
Date
18 Mar 2016
Jurisdiction
Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
Taxonomy
Trade Secrets, Know-How & Goodwill
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
Trade secrets are identified as information that is unique and valuable to a business and not known or easily ascertainable to individuals outside the business.
The question in any trade secret dispute is the exactly what the secret is. The following information has been recognised as trade secrets: practices, formulas, designs, instruments, patterns, commercial methods and compilations of information.
Arguably, the most valuable trade secret in the world is the Coca-Cola formula. Popular accounts state that the Coca-Cola formula is only known by a handful of people in the company and the formula is kept in a vault for safe keeping.