Trade Secrets
/ˈtreɪd ˌsiːkrɪts/
Definitions
- (n.) Information, including formulas, practices, processes, designs, instruments, or patterns, that are economically valuable because they are not generally known and subject to reasonable efforts to maintain secrecy.
The company protected its trade secrets by requiring all employees to sign nondisclosure agreements.
Forms
- trade secret
Related terms
See also
Commentary
Trade secrets require active measures to maintain secrecy and confer legal protection only if the information derives independent economic value from being secret.
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.