Trade secrets are an important aspect of intellectual property law, which is why we make a point of writing about them from time to time. in the current global state of commerce, corporations are forced to place an increased emphasis on the protection of trade secrets and intellectual property. Some brief words about trade secrets in South AfricaIn South Africa, trade secrets are protected under the delict (tort) of unlawful competition, which is a common law action. Such steps should include appropriate policies dealing with the storage of, and access to trade secrets within an organisation, actively managing access to trade secrets, appropriate confidentiality clauses in employment agreements, and disclosure of trade secrets to third parties subject to robust non-disclosure obligations only. Trade secrets can be valuable intellectual property assets and it is accordingly important to treat it as such.

Source: Daily Nation June 08, 2022 10:36 UTC