Trade Secrets In The Philippines
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FAQ
Trade secrets encompass both technical information, such as information concerning manufacturing processes, pharmaceutical test data, designs and drawings of computer programs, and commercial information, such as distribution methods, list of suppliers and clients, and advertising strategies.
While there is no independent trade secret law in the Philippines, trade secrets can be protected under Article 40(e) of RA 7394 or the Consumer Protection Act and Article 292 of the Revised Penal Code.
While there is no independent trade secret law in the Philippines, trade secrets can be protected under Article 40(e) of RA 7394 or the Consumer Protection Act and Article 292 of the Revised Penal Code.
Without any statutory limits term, trade secret protection lasts as long as the secret is kept confidential. Trade secret protection, on the other hand, ceases whenever a trade secret is made public.
In order for information to be protected as trade secret, it shall meet the following criteria. The information must be secret (i.e., it is not generally known among, or readily accessible, to circles that normally deal with the kind of information in question). Absolute secrecy is not required.