Trade secret: an alternative to patenting
Case #9 - Slime that cleans
So with all this being the case, why not just keep the invention a “trade secret?” A patent gives you a twenty-year monopoly in exchange for spilling your secret. But a secret lasts as long as you can keep it.
Of course, this is a bit risky. If someone manages to reverse engineer it, there’s no recourse. And as a product becomes more successful, one has to worry about industrial espionage, disgruntled employees who sell secrets.
Still, if you can do without the nice feeling of being a patentee, keeping a formula secret may not be a bad idea.
Disclaimer:
The O&R “Is it patentable?” blog is educational and provides general information about patent law. It provides no legal advice or conclusions. O&R uses publicly available information about the products described in these posts and has no relationship with the manufacturers, sellers, or distributors of these products. Reading this blog and participating in voting on the case studies does not create an attorney-client relationship between the reader and O&R.