Intellectual Property:

Answers and Information

Trade secrets cover ideas or know-hows. A trade secret is a set of information that is not known in the industry, providing the user with an edge over competitors. An example of a trade secret is the formula for Coca-Cola.

Trade secrets encompass the following: commercial secrets, manufacturing secrets and industrial secrets. An individual who uses a trade secret without authorization may have violated intellectual property law regarding trade secrets.

Trade secrets cover a broad range of subject matters, such as:

  • Advertising strategies
  • Manufacturing processes
  • Distribution and sales methods
  • Consumer profiles
  • Client lists
  • Lists of suppliers

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Intellectual Property: Trade Secrets