trade secret


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trade secret

1. Literally, a particular way of making something that a company keeps secret from competitors. The recipe for our famous rib sauce has been a trade secret for decades.
2. By extension, any secret one keeps about the way one makes or does something. A: "How do you get the colors in your pictures to turn out so brilliantly?" B: "Sorry, trade secret."
See also: secret, trade

trade secret

 
1. Lit. a secret way of making or selling a product; a business secret. The exact formula of the soft drink is a trade secret.
2. Fig. any secret method. (Jocular.) A: How do you manage to sell so many of these each month? B: It's a trade secret.
See also: secret, trade

a ˌtrade ˈsecret


1 a secret about a particular company’s method of production: The ingredients of Coca-Cola are a trade secret.
2 (humorous) a secret about how you make or do something: ‘Can I have a recipe for this cake?’ ‘No, you can’t. It’s a trade secret.’
See also: secret, trade
References in periodicals archive ?
While a response plan may not be necessary for protection of trade secrets, it can help make responding to trade secret theft easier.
Thoughtful cybersecurity practices can protect a business's trade secrets from theft by departing employees and competitors.
It also notably omits any requirement that a trade secret plaintiff describe its trade secrets with particularity, which helps to protect the sensitive trade secret information after prosecution of the offender.
A trade secret, as defined by the UTSA, is business or scientific information that:
In 2013, after studies (11) showed the importance of trade secrets to the economy, particularly to small and medium-sized enterprises, and the fears of many organizations that asserting claims for misappropriation would result in inadequate remedies and potentially place their trade secrets at risk of public disclosure, the European Commission proposed a Directive to address differences in the trade secret laws of the EU Member States.
Cooley understands how critical trade secrets are to the viability and success of our clients.
The DTSA would also create a uniform federal standard for what constitutes trade secret misappropriation.
Trade Secret offers branded apparel for women, men and children, as well as footwear, accessories and home fashions at great values.
Because the major purpose of a SDS is to provide guidance as to how to handle a hazardous material, and what to do medically, the lack of details on a hazardous trade secret material may be frustrating to medical professional.
Although the Coca-Cola formula may be easily identified as a trade secret, other companies not enjoying the same fame as The Coca-Cola Company may find it difficult to identify what constitutes a trade secret and whether the information is actually subject to intellectual property protection.
Defining exactly what amounts to a trade secret is not an easy task and there is no widely accepted definition of a trade secret.
In contrast, trade secret protection can last indefinitely, so long as the information is kept secret and provides an economic advantage.
If a trade secret needs to be brought to China, consider 'storing' the information at separate locations so that staff at any one site do not have full knowledge of the whole.
Purpose of Trade Secret Law and Comparison to Patent Law
Summary: The Defend Trade Secrets Act (DTSA), which went into effect last year, was a breath of fresh air for many companies that rely on trade .