
the removal from the market of goods that have been manufactured on the basis of a trade secret that has been illegally acquired.stopping the unlawful use and further disclosure of misappropriated trade secrets.Without establishing criminal sanctions, the proposal harmonises the civil means through which victims of trade secret misappropriation can seek protection, such as: It also defines the relevant forms of misappropriation and clarifies that reverse engineering and parallel innovation must be guaranteed, given that trade secrets are not a form of exclusive intellectual property right. The directive harmonises the definition of trade secrets in accordance with existing internationally binding standards. On 8 June 2016 following a proposal from the European Commission, the European Parliament and the Council adopted a directive that aims to standardise the national laws in EU countries against the unlawful acquisition, disclosure and use of trade secrets. However, while large companies have the resources to manage a large portfolio of intellectual property rights, such as patents, smaller companies often cannot afford to do this - therefore their reliance on trade secrets is greater. Information, knowledge, inventiveness and creativity are the raw materials of the new economy, and trade secrets are important for companies both large or small, in all economic sectors. Information protected through a trade secret can be strategic for decades (for example, a recipe or a chemical compound), or ephemeral (for example, the results of a marketing study, the name, price and launch date of a new product, or the price offered in a bidding procedure). Such knowledge can include new manufacturing processes, improved recipes, or information on whom to buy from and whom to sell to. Whether through laborious and costly research, decades of experience, or a sudden burst of creativity, companies constantly develop information which can help them to perform better, faster or at lower cost.
