Trade Secret Law

Trade secret law protects confidential business information that provides a competitive advantage. This can include formulas, processes, customer lists, or marketing strategies that aren't generally known to the public. To qualify as a trade secret, the information must be kept secret and have economic value. Businesses often use nondisclosure agreements (NDAs) and other security measures to safeguard these secrets. If someone improperly discloses or uses a trade secret, the owner can take legal action for damages or injunctions. Essentially, trade secret law helps businesses maintain their unique edge in the marketplace.