Patents will be disclosed, but trade secrets will not be disclosed. Take a closer look at the characteristics of the industry.
Disadvantages of patents:
1. Patent protection has a limited time limit.
2. Patent protection destroys confidentiality. Because applying for a patent must make the company's inventions and creations public and make the technology a publicly known technology, so that anyone can easily obtain the patented technology
3. Patent protection will make companies lose their competitiveness. After scientific research results are granted a patent, other companies can develop new inventions and creations based on the patented technology and obtain new patents.
4 Patent protection comes at a cost. You need to pay a certain fee to apply for a patent, and you also need to pay an annual fee after obtaining a patent.
The advantage of trade secrets lies in these four disadvantages of patents
1. No protection period
2. Non-disclosure will not destroy confidentiality
3. Since the second point no longer exists, there is no need to consider the third point.
4. There is no need to pay an annual fee, but you must pay a certain amount to protect this business secret. management expenses.
Risk aspects of the two: I think trade secrets are more risky. After all, you can’t control the staff. Many trade secret cases are related to employees changing jobs. Patents are protected by the state and do not have these risks. Of course, if a patent is easily cracked by reverse engineering, then it should still be considered a trade secret.