The issue for an inventor or a business owner of protecting their invention by means of Patent protection, or by seeking to protect it by means of a Trade Secret is an ever continuing debate with both methods having their individual pros and cons depending on the nature of your invention.
A useful article on the difference between Patents and Trade Secrets, this article covers the key points on the factors favouring Patents and the factors favouring Trade Secrets.
- Factors favouring Patents
- Factors favouring Trade Secrets
The link to the article is here.
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