Credit: Tashatuvango/Shutterstock.com Patents and Trade Secrets: A Dual Strategy for Protecting Innovations
By adopting some best practices, each innovation can be catalogued and protected as a bundle of trade secrets and patents based on what rights each protects, how rights are preserved and enforced, and how assets are monetized.
April 17, 2023 at 10:00 AM
9 minute read
Intellectual Property
Many businesses, when looking to protect their innovation, often consider patent protection by default. However, this approach shortchanges other available and protectable intellectual property (IP) rights such as trade secrets. Rather, trade secrets and patents complement each other in a robust IP portfolio. By adopting some best practices, each innovation can be catalogued and protected as a bundle of trade secrets and patents based on what rights each protects, how rights are preserved and enforced, and how assets are monetized.
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