Trade Secrets or Patents: Which Should You Choose?
StartupNation
OCTOBER 16, 2021
Most businesses need to continuously innovate to stay relevant in the marketplace. With such intense focus on innovation, businesses naturally seek to patent their inventions to avoid infringement by other parties. But there’s an alternative: trade secrets. Getting a patent is a very time-consuming and costly process. In niches such as tech, where first mover advantage can make or break businesses, one generally does not have the leeway to go through a long process.
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