Trade Secret Registration in Dubai, UAE

Availing the right trade secret services in UAE can help you boost your business in the Emirates and stand out amongst the competitors. Benefits of holding a trade secret in UAE are many and they are listed below.

There is no validity or expiry for a trade secret. The business establishment can maintain the trade secret for long durations or even decades. The business establishment need not reveal the trade secret irrespective of the situation.

Trade secret registration is not obligatory in the Emirates.

Gives a competitive endge to the holder of the trade secret.

If the business establishment maintains the trade secret of a product, the same business enjoys the sole authority to alter or change the trade secret for the betterment of the product. Other than the original trade secret holder, no entity or individual is entitled to modify the trade secret.

Disputes regarding trade secrets can be fixed effortlessly.

A company may employ any of the below mentioned items as trade secret for the manufacture of the product. And they are:

Details regarding R & D

Designs

Devices

Formulas

Methods

Inventions

Algorithms for software

Ingredients

Software

The business which keeps a trade secret should protect the same in the best possible manner. Any breach might lead to serious consequences that may directly or indirectly affect the business. Here are the scenarios that might compromise a trade secret.

A 3rd party gets access to the vital information connected to trade secret via hacking.

Employees who resign may already have access to the trade secret and might help the competitor for financial gains.

Even a business partner or a close acquaintance can compromise the trade secret for vested interests.

If not properly handled even a customer can gain access to the trade secret.

An existing employee or an insider can create trade secret breaches for the business.

Insufficient evaluation or scrutiny of the employee prior to the disclosure of a trade secret.

Lack of proper documentation like non-disclosure contract

The UAE Federal Law No 31 of 2006 lists the legality regarding trade secrets in the UAE. A Trade secret must be handled in the most professional manner so that it remains protected from any infringement. Here are the best practices to secure the trade secret from any unauthorized exploitation.

Perfect documentation of the trade secret

Access to the trade secret must be limited only to the most reliable employees or associates or business partners.

Perform a detailed assessment to understand whether the particular work or project demands disclosure of the trade secret to a 3rd party. In other words, the necessity of disclosing the trade secret to a 3rd party must be contemplated.

The vital information regarding the trade secret should never reach the public domain.

Non-disclosure agreements must be signed with the employees or partners who require access to the trade secret.

Follow strict guidelines regarding trade secret disclosure to employees and partners.

A detailed assessment of the person who needs access to the trade secret.

The 3rd party who needs access to the trade secret must be informed about the legal consequences of unapproved disclosures.

Trade secrets need not undergo a registration process, unlike patent registration. Trade secrets have no validity related restrictions unlike patents and can be maintained forever. Compare the possibilities and restrictions associated with both the categories of intellectual property rights.

The legality associated with intellectual property rights in the UAE can be a bit confusing and time-consuming. Need any assistance regarding trade secret registration services? We at Kiltons offer the best solutions to all your trade secret needs in UAE.