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Bali Art furniture

Bali Art Furniture is an exporter all Bali - Indonesia products as Bali furniture made from Teak woods and ceramics from natural stone has made with b...

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Bali Art furniture

Bali Art Furniture is an exporter all Bali - Indonesia products as Bali furniture made from Teak woods and ceramics from natural stone has made with b...

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PROPERTY IS STILL PROFITABLE

Date: Tuesday May, 19 2009 08:49

The global economic crisis that we are now experiencing has its root beginning with the credit crunch in the US as far as back as 2004. Betwe...

Legal Information

Trade Secret

Date: Tuesday December, 19 2006 14:18

Trade secret refers to the information which is not identified by the public on technology and/or business which has economic value, because it is useful for business activities and whose secrecy is safeguarded by the owner of the Trade Secret. SCOPE OF TRADE SECRET According to the law on trade secret, enacted on December 2000, the scope of the Trade Secret covers methods of production, processing, sale or other information in the area of technology and/or business which have economic value and are not identified by the general public.

  1. The Trade Secret obtains protection if the information is secret in nature, has economic value and its secrecy is strictly safeguarded through proper efforts.
  2. The information is considered secret if it is identified by certain parties only or it is not identified by the general public.
  3. The information is considered having economic value if the nature of secrecy of the information can be used to carry out activities or business that are commercial or can economically increase profits.
  4. The secrecy of the information is considered having been safeguarded if the owner or the parties who control it have taken proper and reasonable steps.
GENERAL INFORMATION FOR REGISTRATION The registration of the transfer of rights and the registration of Trade Secret License agreement shall be submitted to the Directorate General of Intellectual Property Rights. The applications are subjected to costs. Laws and Regulations Law No. 30/2000 concerning Trade Secret.
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