Trade Secret
/ˈtreɪd ˌsiː.krɪt/
Definitions
- (n.) Confidential business information that provides a competitive advantage and is subject to efforts to maintain its secrecy.
The formula for the beverage was protected as a trade secret to prevent competitors from copying it.
Forms
- trade secrets
Related terms
See also
Commentary
Trade secrets require that the information is not generally known and that reasonable measures are taken to preserve secrecy; unlike patents, they do not require registration.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.