Written by Muhammad Irsyad on 09/07/2024
The author’s views are entirely their own and may not always reflect the views of Putranto Alliance.
Trade secret protection in Indonesia faces challenges due to insufficient legal certainty in contractual relationships. Trade secret owners must take preventive measures, such as creating confidentiality agreements, to strengthen their legal standing in case of disputes. This product sheet explores the definition and violation of trade secrets, and the urgency and benefits of confidentiality agreements.
A trade secret is confidential information in technology and business that holds economic value and is intentionally kept undisclosed to the public. This includes production methods, processing techniques, sales strategies, and other economically valuable information. Unlike other Intellectual Property Rights (IPR), trade secrets do not require formal registration. Protection depends on the owner’s efforts to maintain confidentiality. Trade secrets are protected if:
Protecting trade secrets is crucial as they result from hard work and specialized skills. Respecting and protecting them encourages business development and innovation.
Creating a confidentiality agreement should be prioritized before disclosing any sensitive information. Early establishment of clear confidentiality terms prevents potential disputes and sets a standard for protecting sensitive information.
Putranto Alliance offers comprehensive assistance in trade secret protection, including drafting confidentiality agreements, resolving disputes, and providing expert legal guidance. Our client-centric approach ensures personalized solutions to safeguard your trade secrets effectively.
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