Should you file for a patent or maintain your invention as a trade secret? This video gives some guidance on how to make that decision!

Timecodes
00:00 Introduction
00:36 WIPO definition of patent
01:09 USPTO definition of patent
02:12 Uniform Law Commission (ULC)
03:42 Uniform Trade Secrets Act (UTSA)
04:34 Illinois Adoption of UTSA in the Illinois Trade Secrets Act
05:25 Federal Law US Protection of Trade Secrets Act
06:35 Comparison of UTSA language with statutory adoptions
07:34 Trade Secrets can be licensed like patents
08:00 The question of detectability
08:38 First test for detectability
08:52 Second test for detectability
09:40 No detectability or limited detectability
10:17 Invention too good to patent?
10:42 Quid Pro Quo of patent application filing
11:15 Trade Secret assumes competitors can't figure it out
11:40 Secrecy must be maintained for Trade Secrets
12:08 Reverse Engineering of Trade Secrets

DISCLAIMER: The information contained in these videos is for information, educational and entertainment purposes only. IT IS NOT LEGAL ADVICE. Consult an attorney regarding your specific legal situation.