Business Secrets

Business secrets are valuable information or practices that give a company a competitive edge, such as unique methods, formulas, or strategies that are not publicly known. Protecting these secrets helps prevent competitors from copying or stealing them, ensuring the business maintains an advantage in the market. However, these secrets must be kept confidential—if they are revealed or leaked, the company may lose its competitive edge. Examples include proprietary technology, customer lists, or innovative processes, which are safeguarded through non-disclosure agreements and secure handling practices.