Document background
The Trade Secret License Agreement is essential for businesses operating in Hong Kong who wish to monetize their confidential information while maintaining control over its use and dissemination. This document is particularly relevant in today's knowledge-based economy where proprietary information often represents significant business value. It enables companies to expand their market reach or manufacturing capabilities by licensing their trade secrets to trusted partners while establishing robust protection mechanisms. The agreement incorporates Hong Kong's common law framework for confidential information protection, as Hong Kong lacks specific trade secret legislation. It's commonly used in technology transfers, manufacturing arrangements, and research collaborations, providing a structured framework for protecting valuable business information while enabling commercial exploitation.
