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Trade secret - Wikipedia In general, a trade secret refers to any confidential information which provides an economic benefit to the trade secret holder because that information is generally unknown to competitors, and the holder made efforts to keep the information secret
Trade secrets regulatory data protection | USPTO Trade secrets are vital IP assets held by innovators Protection of those assets against theft and misappropriation is essential to foster innovation and promote economic growth
trade secret | Legal Information Institute Trade secrets may be obtained by lawful means such as independent discovery, reverse engineering, and inadvertent disclosure resulting from the trade secret holder's failure to take reasonable protective measures
Trade Secret: Definition, Examples, Laws, Vs. Patent A trade secret is any company information (e g , practice, process, formula, recipe, etc ) that is unknown by others, kept confidential, and has economic value
Trade Secrets - WIPO What is a trade secret? Trade secrets are intellectual property (IP) rights on confidential information which may be sold or licensed
Trade Secret Law | Intellectual Property Law Center | Justia Under the Uniform Trade Secrets Act (“UTSA”), a trade secret is defined as information that derives independent economic value because it is not generally known or readily ascertainable, and it is the subject of efforts to maintain secrecy
What Is a Trade Secret? Definition and Examples - LegalZoom It is not illegal for someone to discover a trade secret through public knowledge or to reverse engineer to figure out a trade secret Federal penalties for violating trade secret law can result in up to ten years in prison and fines up to $250,000 or twice the gross loss in business
What Is a Trade Secret? Core Concepts and Legal Protections A trade secret is confidential information with economic value, giving businesses a competitive edge Examples include formulas, customer lists, and business strategies Trade secret protection offers legal recourse against misappropriation and doesn’t require registration