There are many types of trade secrets, including designs, drawings, plans, data compilations, business strategies, marketing plans, R&D-related information, etc.
It is the owner’s responsibility to protect trade secrets against unauthorized disclosure and to maintain their secrecy. A violation of a trade secret may result in unfair competition or tort liability as well as criminal penalties.
Trade secrets and confidential information are not currently protected by domestic legislation. Disputes arising from breaches of trust or breach of contract can be resolved in the courts.
The plaintiff, in this case, is Toyota Jidosha Kabushiki Kaisha and they seek to prevent the defendant, a spare parts supplier by the name M/S Prius Auto Industries Limited, from the usage of the trademarks- “Toyota”, “Innova”, and “Prius”. According to the finding of the court, two of the three trademarks mentioned, namely Toyota and […]
Intellectual property rights create a situation in which the inventor or the creator enjoys full ownership and rights to commercial exploitation of his creation while everyone else is excluded. The justification is that such a creation, if it has material value, must benefit the creator while preventing others who would otherwise commercially exploit the concept […]
WIPO defines copyright as the right of creators to ownership of their creations and to make use for commercial or other purposes. Copyright today covers literary creations, printed material, computer programs, data, audiovisual media, dance, paintings and drawings, photographs, sculpture, architecture, ad material, technical drawings and others that are the outcome of intellectual effort. From […]