Trade Secret

Trade Secret

A type of Intellectual Property (IP) a trade secret is information, expertise or know-how (for example, formulas, drawings, patterns, compilations, programs, devices, methods, techniques or processes) that:
  1. Provides an economic or competitive advantage to its owner because the information is not generally known by or available to third parties.
  2. Is subject to reasonable efforts by its owner to maintain its secrecy.

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