Trade Secrets

Trade secrets are confidential business information that gives a company a competitive edge. This can include formulas, processes, designs, practices, or any proprietary knowledge that is not publicly known. Unlike patents, trade secrets are not registered or disclosed; instead, they are protected through secrecy. Companies take measures, such as non-disclosure agreements and restricted access, to keep this information safe. If a trade secret is leaked or stolen, the affected company can pursue legal action against the violator to seek protection and uphold their rights to that valuable information.