By: Dylan Wiseman
IAM Trade Secrets Hub 2024
Many US businesses are now focusing upon protecting trade secrets as a crucial part of their intellectual property portfolio. The advantages are obvious: trade secrets can last for an indefinite period of time, companies can be more nimble and avoid educating competitors about technological advancements and trade secrets protection does not present the expensive and time-consuming processes required to maintain a patent portfolio. Given its wealth of technology firms, life sciences companies, and AI and machine learning businesses, California’s businesses were among the early adopters to advance their competitive positions by protecting trade secrets.
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This article was first published on IAM in March 2024; for further in-depth analysis, please visit the IAM Trade Secrets Hub