Industrial property

Industrial property is a generic term for rights of patentable inventions, utility models, trademarks and service marks, industrial desings, geographical indications, layout-designs of integrated circuits, new plant varieties and protection against unfair competition.

The protection of industrial properties’ objects is territorial and limited with time.

There are separate laws for every object of industrial property and many procedures must be passed before acquiring the rights.

Industrial property is divided into objects that need to be registered (patent, utility model, trademark, geographical indication and others) and objects that don’t need registration (trade secret, know-how, right to well-known trademark and EU unregistered industrial design).

Trade secret is a confidential information that gives company a market advantage compared to its competitors. Trade secret is according to Competition Act information concerning the business activities of an undertaking the communication of which to other persons is likely to harm the interests of such undertaking, above all, technical and financial information relating to know-how, information concerning the methodology of validation of expenditure, production secrets and processes, sources of supply, volumes of purchase and sales, market shares, clients and distributors, marketing plans, expenditure and price structures and sales strategy.

The use of trade secret is usually agreed in the company’s internal regulations. It is reasonable to describe the confidential information in these documents as accurately as possible.