What are trade secrets?
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hi.
A trade secret is some information that gives a company an advantage over its competitors. Its value lies in the fact that it is not widely known, and making it known would deminish that value. Trade secrets are protected under law, notabley by the Lanham Act and Uniform Trade Secrets Act, however there is no formal registration procedure. Protection lasts only as long as the trade secret remains that way, but can last forever if nobody discloses the secret.
Anything that has independent economic value for a company can be considered a trade secret. This includes:
Recipes and formulas, like the KFC Colonel's secret recipe
New inventions for which you have not filed a patent application
Marketing techniques unique to the company
Manufacturing methods
A company's customer information
hope it helps u
A trade secret is some information that gives a company an advantage over its competitors. Its value lies in the fact that it is not widely known, and making it known would deminish that value. Trade secrets are protected under law, notabley by the Lanham Act and Uniform Trade Secrets Act, however there is no formal registration procedure. Protection lasts only as long as the trade secret remains that way, but can last forever if nobody discloses the secret.
Anything that has independent economic value for a company can be considered a trade secret. This includes:
Recipes and formulas, like the KFC Colonel's secret recipe
New inventions for which you have not filed a patent application
Marketing techniques unique to the company
Manufacturing methods
A company's customer information
hope it helps u
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