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:
“And there is no trade or employment but the young man following it may become a hero.”
—Walt Whitman (1819–1892)
“The secret of heaven is kept from age to age. No imprudent, no sociable angel ever dropt an early syllable to answer the longings of saints, the fears of mortals. We should have listened on our knees to any favorite, who, by stricter obedience, had brought his thoughts into parallelism with the celestial currents, and could hint to human ears the scenery and circumstance of the newly parted soul.”
—Ralph Waldo Emerson (1803–1882)