A trade secret is a type of intellectual property consisting of confidential information that gives a business a competitive advantage. Examples of trade secrets include formulas, patterns, methods, techniques, processes, designs, and information compilations that others do not generally know or are reasonably ascertainable. Trade secrets are protected by law, including confidential business plans, customer lists, and manufacturing processes. The owner of a trade secret has the right to take legal action against anyone who acquires, uses, or discloses the secret without proper authorization.
If you have questions or want to learn more about trade secrets please contact Aaron Archambault at Ascentage Law.
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