A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. In some jurisdictions, such secrets are referred to as "confidential information", but should not be referred to as "classified information", due to the nature of the word "classified" in the USA.
Read more about Trade Secret: Definition, Protection, Comparison With Trademarks, Comparison With Patents, Trade Secret Protection, Discovering Trade Secrets, Cases
Famous quotes containing the words trade and/or secret:
“I am cozily ensconced in the balcony of my face
Looking out over the whole darn countryside, a beacon of satisfaction
I am. I’ll not trade places with a king. Here I am then, continuing but ever beginning
My perennial voyage....”
—John Ashbery (b. 1927)
“Man cannot bury his meanings so deep in his book, but time and like-minded men will find them. Plato had a secret doctrine, had he? What secret can he conceal from the eyes of Bacon? of Montaigne? of Kant? Therefore, Aristotle said of his works, “They are published and not published.””
—Ralph Waldo Emerson (1803–1882)