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Intellectual Property Patent Licensing and Transactions Trade Secrets

Choosing Between Trade Secret and Patent Protection: A Primer for Businesses

When deciding whether to apply for patent protection on an innovation or whether to keep the innovation confidential as a company trade secret, there are many considerations that a business must take into account stemming from the different characteristics of each.

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When an employee conceives of a new innovation, a business is often confronted with a difficult decision — whether to apply for patent protection on the innovation or whether to keep the innovation confidential as a company trade secret. There are many considerations that a business must take into account stemming from different characteristics of trade secrets and patents.

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