Trade Secrets – Everything you need to know – Legamart

According to legamart, Formulas, techniques, procedures, designs, instruments, patterns, or compilations of information have inherent economic worth because they are not widely known or easily ascertainable by others, and which the owner takes reasonable precautions to keep secret are examples of trade secrets. The owner of a trade secret has the right under intellectual property law to prevent others from disclosing it. Secrets are referred to as confidential information in some jurisdictions.