What is a Trade Secret?
definition of trade secret encompasses any information
that can be used in the operation of a business or other
enterprise and that is sufficiently valuable and secret
to afford an actual or potential economic advantage over
The law provides protection for trade secrets if certain
legal requirements are met. However, unlike patents,
copyrights and trademarks, there is no office or agency
where you can file a trade secret application, obtain a
review by a qualified examiner, and be issued an
official trade secret certificate.
The legal protection of trade secrets instead requires
self-administration by the trade secret owner. And trade
secrets, once lost, are lost forever.