Trade secret Law
a.    One theory: On way to patent system, allow trade secret law in interim. In reality, an inventor loses right to patent using ts for too long under 102(g). Is this good?
b.    TS Pros
(A)    Indefinite duration [as long as you protect it, obviously things like customer lists can lose value]
(B)    Cheap (few formalities)
(1)    Though depends on nature of good (easy to reverse engineer?)
(2)    Also, both patents and ts have litigation aspects.
(C)    No notice needed.
c.    TS Cons
(A)    Risk of losing protection: Rival could patent and block your use.
(B)    Protection for things that don’t need protecting. We don’t get rid of ts because inventors of non-patentable inventions will waste money hiding their secrets. TS law makes economic sense.
(C)    Narrow: Only prohibits others from disclosing or using invention if they acquired it by improper means (SA63). Someone could reverse engineer or independently invent it.
(D)    Difficult to license.
d.    Insurance Policy: Try patenting, if before eighteen months doesn’t look like its working out, withdraw and use trade secret law.