trade secret


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trade secret

a secret formula, technique, process, etc., known and used to advantage by only one manufacturer
References in periodicals archive ?
Respond and Recover from Trade Secret Misappropriation
While many of us might not think of trade secrets (such as the formula for Coca-Cola) as being commonplace, the National Science Foundation estimates that corporations actually employ trade secret protection perhaps two times as often when compared to patents.
Mandates that notice about whistleblower immunity be included in any new or updated employment agreement that governs the use of a trade secret or other confidential information.
AS major regions across the world seek to harmonize trade secret law within and across jurisdictions, international companies now should focus on building their own uniform policies and procedures for protecting their intellectual property and defending against claims of misappropriation.
The Act will create a federal private civil action for the misappropriation of trade secrets and provide trade secret owners the ability to request for an ex parte seizure under certain extraordinary circumstances.
Whistleblowers are granted immunity for disclosure of a trade secret in two circumstances: to a government official solely for the purpose of reporting or investigating a suspected legal violation or in a retaliation suit to their attorney or in a document filed under seal.
According to a Senate report, a 2014 estimate calculated that trade secret theft costs American businesses over $500 billion annually.
Trade Secrets, and Executive Order 13694 authorizing sanctions on those who perpetrate cyber-enabled trade secret theft.
NYSE: TJX) has closed its acquisition of Australian off-price retailer Trade Secret from Gazal Corp.
Among its provisions, the bill would set up a uniform standard for trade secret misappropriation.
S Code of Federal Regulations (CFR) describes that a trade secret includes any formula, chemical compound, process of manufacturing, a pattern for a machine/ device, a list of customers, a process for treating or preserving a material that gives an opportunity for advantage over competitors.
The question in any trade secret dispute is the exactly what the secret is.