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Developing new products is difficult enough, whether it is a new invention from the proverbial drawing board or a modification of an existing product. One of the key issues facing corporations today is how to protect developments for new machines, products, forging processes, etc.
While many of us might not think of trade secrets (such as the formula for Coca-Cola) as being commonplace, the National Science Foundation estimates that corporations actually employ trade secrets perhaps two times as often as patents.