Secret information which is not generally known or readily ascertainable, gained at its owners expense and which provides a competitive advantage of any kind. A trade secret may be a formula, pattern, compilation, program, device, method, technique or process. Unique principles, such as engineering, logic and coherence in computer software may also qualify. Even generally known information, when uniquely combined, may be eligible. The owner has the exclusive right to use or sell the information as long as it remains a secret.
- Trade Secrets
01/30/2014 MarketSmart 2014