Sheldon, a physicist, has developed a breakthrough formula and he wants to protect it. What type of intellectual property law covers confidential information, such as a physics formula, that is in the process of being licensed?
The type of intellectual property law that covers confidential information in the process of being licensed is known as Trade Secret law. Trade secrets refer to any valuable, confidential business information that provides a competitive advantage to its owner, including formulas, processes, techniques, or strategies. This type of intellectual property is not publicly disclosed, unlike patents or copyrights, and is protected by maintaining secrecy.
