The extent of recognition of Trade secrets the world-over can be gauged by the fact that a majority of working technology worldwide are protected as trade secrets rather than by patents. Trade secret is confidential information that can be used in the operation of a business or other enterprise and is valuable to afford an actual or potential economic advantage to others. [1] The basic principle behind trade secret is to prevent ‘Theft’ of information by unfair means and commercially unreasonable means. [2] What makes something confidential and secret is the fact that person has derived a formula and produced the results using his brains that can only be derived by following the same process. The one putting the efforts for producing such results would want it to be protected. Also in this age of Technological era even an idea is open to attack, if shared with third party, thus it is essential to protect commercial interests and to hold such information con...