Published Paper Details:

Trade privacy have grown in importance in the age of globalization , particularly in light of the expansion of the global market and greater rivalry. Additionally, the preference for trade secret protection over patent protection as a means of protecting proprietary knowledge has enhanced its significance. Laws safeguarding trade secrets are acceptable on a material constants if they are considered property. The paper offers logical and economic arguments for protecting trade secrets, which has cleared up any confusion regarding the issue of treating trade secrets as property. This report also provides a summary of the trade secret regime in place in India and highlights its shortcomings in light of the laws in place in other countries around the globe. Additionally, the study focuses on the complexity of common law remedies for trade secret violation, which is made clear by a series of contradicting decisions by Indian courts. The emphasis is on the TRIPS mandate and India's obligation to enact laws on the "undisclosed information" issue. The need for a formalized framework, which is the only way to ensure strong and effective IPR protection and would also create new potential for economic growth, is emphasized in the paper.