Trade secret

Business information kept secret to gain or maintain a competitive advantage

Trade secrets or confidential commercial information are a type of intellectual property (IP) that includes formulas, practices, processes, designs, instruments, patterns, or compilations of information that have inherent economic value because they are not generally known or readily ascertainable by others, and which their owner takes reasonable measures to keep secret. Intellectual property law gives the owner of a trade secret the right to restrict others from disclosing it.

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