Trade Secrets and Employee Loyalty

Trade secrets are but one tool amongst a collection of different intellectual property tools and when used appropriately complement and strengthen the other tools. Trade secrets often provide a significant competitive advantage in the market place and can be central to the creation of a market niche which competitors may find it difficult to penetrate. Since the market is changing so rapidly, and the fact that trade secrets can be independently discovered by others, enterprises are advised not to rely only on their existing trade secrets but to make continuous efforts to develop new trade secrets in order to remain competitive.