Forums Assignment Help What are Trade secrets and Trademarks?

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    What are Trade secrets and Trademarks?


    Trade secrets relate to private proprietary information or physical material that allows an advantage to the owner. Trade secrets in the biotechnology field includes materials like hybridization conditions, cell lines, corporate merchandise plans, customer lists etc. It is sometimes difficult to maintain trade secrets in biotechnology due to its large degree of research component.

    If the trade secrets become public before the granted period, the intellectual is paid compensation and unauthorized users are punished by the Court.

    The Trademark relates to distinctive words or symbols applied to products or services by manufacturers and helps to distinguish the goods of different companies. In biotechnology, the laboratory equipments, and some of the vectors useful in recombinant research are known by their trademarks. The public makes use of these trade works in order to choose whose goods they will have to buy. Trademark laws vary in every country and through agreement it is ensured that the trademark of one country must be protected in another country.

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