Trade Secret vs Patent

Patents require disclosure in exchange for right to exclude others from practicing invention for a time period.

Patents expire, 20 years, and the information contained within is no longer protected.

Patents protect against independent discovery and eliminate the need to maintain secrecy.

Patent protection is limited to particular types of inventions, while most anything may be kept secret.

Patent and trade secret protection eligible Inventions – evaluate business considerations / benefits of IP types.

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