ISSUES AND CHALLENGES IN THE PROTECTION OF TRADE SECRETS IN NIGERIA
Abstract
The protection of trade secrets is crucial for fostering innovation, competition, and business
growth as it serves as a foundation for companies to safeguard their confidential information.
However, the Nigerian legal framework faces numerous challenges in effectively protecting
trade secrets. This research project aims to explore and analyze the specific issues and
obstacles faced in safeguarding trade secrets in Nigeria.
To achieve this objective, a comprehensive literature review will be conducted,
encompassing existing laws and regulations pertaining to trade secret protection in Nigeria.
The major challenge anticipated in this study is the issue of inadequate legal frameworks and
insufficient awareness and understanding of trade secret protection among businesses. The
findings of this research project will contribute to an improved understanding of the current
state of trade secret protection in Nigeria and provide recommendations for addressing the
challenges at hand. These recommendations may involve legislative amendments to align
Nigerian trade secret laws with international best practices, raising awareness among
businesses regarding proactive trade secret management, and establishing specialized trade
secret courts or procedures to streamline legal proceedings.
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