THIS IS THE FIFTH IN A FIVE PART SERIES ON INTELLECTUAL PROPERTY.
“What’s a trade secret? Does such a thing apply to me and my business?” Most likely the answer is yes!
The U.S. Patent and Trademark Office says that trade secrets are:
information that companies keep secret to give them an advantage over their competitors. Trade secrets consist of information and can include a formula, pattern, compilation, program, device, method, technique or process. To meet the most common definition of a trade secret, it must be used in business, and give an opportunity to obtain an economic advantage over competitors who do not know or use it.