These days, world trade is developing quickly. Indonesian trade is no longer limited to territoriality but has become integral to global trade across borders and continents. The object of trade is not limited to goods and services. It also involves some other resources. For instance, useful information for business activities has high economic value. Information for a trading business is currently important because it is related to distinguishing features to show the advantages of an industry or trading business. Due to the importance of information related to industrial and trade business activities, business actors think that the confidentiality of this information needs to be protected.
First, Trade Secrets are formulated as information not known to the public in technology or business. It has economic value because it is useful in business activities and is kept confidential by the owner of the Trade Secrets concerned.
The protection of Trade Secrets includes food or beverage recipes, formulas, production processes, client lists, or marketing plans. The owner has the right to use the Trade Secrets himself and grants the license to or prohibits other parties from using the Trade Secrets or disclosing the Trade Secrets to third parties for commercial purposes.
Coca-Cola is one example. Its famous beverage formula in red cans and bottles has a secret recipe around 125 years old. Why should this information be kept confidential? The owner obtained the information with great effort, requiring special expertise. It costs a lot of time and money, just like other Intellectual Property Rights protection, although this is not always the case. Such information may also be obtained in a very simple way. Nevertheless, it is still a right that must be appreciated and respected.
