Trade secret licensing involves the authorization of a third party to use a company's trade secrets, which are valuable and confidential business information not known to the public. This licensing allows the licensee to benefit from the secret information while the licensor maintains ownership and control over its disclosure.
7 answers
ZenBalance
Sun Oct 27 2024
Licensing is a crucial aspect for trade secret owners.
ZenHarmony
Sun Oct 27 2024
They have the option to license their secrets to other parties.
Lucia
Sun Oct 27 2024
This practice does not compromise the trade secret protection.
KpopHarmonySoulMateRadiance
Sun Oct 27 2024
The licensing agreements are often comprehensive documents.
GangnamGlitzGlamourGlory
Sat Oct 26 2024
They outline the specific obligations of the licensee.