Legal protection of trade secrets: Towards a codified regime

Trade secrets protection has acquired increased significance in the present scenario especially in view of the opening up of the world market and enhanced competition worldwide. Moreover, the fact that trade secret protection is increasingly being preferred over patent protection as a method for protecting undisclosed information has added to its significance. This paper sketches the broad outline of the trade secret protection law that exists in India and highlights its inadequacy especially in view of the legal regime existing in other countries such as the US.