Patent v/s Trade Secret: Detailed Study on Coca-Cola Brand

At the beginning stage of any invention the very first thing to decide is how to protect one’s product. There are only two options available but then which to choose needs to be decided properly. The first option is either apply to register a patent (provided that is patentable) or maintain it as a trade secret. The most appropriate method required to protect one invention will depend on the nature of the work and the product as both patent and trade secret have their advantages and disadvantages.

Patent is a right granted for an invention, which may be a product or a process that gives, generally, a replacement way of doing something, or offers a replacement technical solution to a problem. To get a patent, technical information about the invention must be disclosed to the general public during an application. Trade Secret: rights on confidential knowledge which may be sold or licensed.

This research paper is going to talk about the comparative study between patent and trade secret; it will also deal with how trade secret is boon for a small business and the protection plan for trade secret along with this a detailed study on coco cola brand.