Legal Policy for Trade Secret Protection in BRICS Countries: From Confidentiality to Concord

Abstract

The ascent of trade secrets heralded an unprecedented recognition of intellect and innovation. In the wake of technological onset, the trade secret assumed seminal significance in informational assets and intellectual capital. It has propelling potential to boost economic regeneration in BRICS countries under varying degrees of the normative regime and political climate. The innovation and competition go along within these regions; therefore, a robust trade secrecy regime is pivotal in propelling growth and development. The Paris Convention for the Protection of Industrial Property,1967, and Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement, 1995, have set the international parameters fortified by the Uniform Trade Secret Act of 1979 the United States to consolidate and unify the trade secret laws in the region. The relevance of trade secret protection under intellectual property law has assumed significance in the BRICS nation to prevent obviousness and infringement by charting out the sound legal mechanism and guard against the vulnerability of exposure. The paper critically analysis institutional, legal, and judicial dimensions of trade secrets laws of the BRICS Nations spread overdeveloped nations to developing economies. The range of remedies under trade secret disputes vindicated through the judicial organs of BRICS countries is an exciting engagement concerning regional trade and development. The comparisons and contrast of trade secret laws across BRICS countries is a fascinating discourse of innovation and competition besides setting robust parameters for justice and peace in the region.