In Malaysia, no pure information can be considered property. However, as a party to TRIPS and other agreements, Malaysia does have laws which prevent the unauthorised disclosure of information. This information is commonly referred to as “trade secrets,” although it is called “confidential information” in Malaysian law. This definition means that trade secrets cannot be proactively registered, but can form the basis of action taken against others. Confidential information in Malaysia can also take the form of virtually any other confidential information which was secret and protected by contractual agreements.
Trade secrets are essential for the protection of confidential information which does not fall under the umbrella of other IP rights and can make or break a business moving into a new territory.
Below are a few tips we at the Helpdesk believe that SMEs will find useful when setting up shop in Singapore.