BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -trade secret protection is not limited in time (patents last in general for up to 20 years). It may continue indefinitely as long as the secret is not revealed to the public; trade secrets involve no registration costs (though keeping the information confidential may entail high costs in certain cases);

Detailed explanation-2: -How long do trade secrets last? Trade secrets last as long as the secret can be kept. Unlike patents, which typically have a shelf life of twenty years, trade secrets last indefinitely. If the secret is leaked or disclosed to an unauthorized party, the trade secret would likely no longer qualify as a secret.

Detailed explanation-3: -Patents require companies to publicly disclose inventive properties. The protection they provide is also limited in time, usually lasting no more than 20 years, while trade secrets remain protected indefinitely.

Detailed explanation-4: -A trade secret: is information that has either actual or potential independent economic value by virtue of not being generally known, has value to others who cannot legitimately obtain the information, and. is subject to reasonable efforts to maintain its secrecy.