Benefits of trade secrecy include:1 pointLower costs than a patent system.Eliminating disclosure benefitsCreating risk for rights holders

The benefits of trade secrecy include:

1. Lower costs than a patent system: Obtaining a patent can be a costly and time-consuming process. In contrast, trade secrets do not require any formal registration process or fees, making them a more cost-effective option for many businesses.

2. Eliminating disclosure benefits: Unlike patents, which require the inventor to disclose all details of the invention to the public, trade secrets allow businesses to keep their proprietary information confidential. This can provide a competitive advantage, as competitors will not have access to the same information.

3. Creating risk for rights holders: While this may not seem like a benefit at first glance, the risk associated with holding a trade secret can actually incentivize businesses to continuously innovate and improve upon their trade secrets to maintain their competitive advantage.