trade secret


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trade secret

a secret formula, technique, process, etc., known and used to advantage by only one manufacturer
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Finally, (a) 9.27% of reported incidents were identified as originating from 3rd party vendors/contractors that had access to the organization's trade secrets, proprietary information, and IT systems; and (b) .5% of reported trade secret thefts were the result of collusive activities between company insiders and outsiders (Shey, 2013).
There are some real disasters that your business could face if you do not protect your trade secret now.
This pocket reference is intended for law students and attorneys as well as business professionals; it can also serve as a companion to the authorsAE Cases and Materials on Trade Secret Law, 2nd Edition.
A similar approach may be appropriate with respect to trade secret misappropriation.
number of academic publications focused on various trade secret aspects.
Summary: Trade secrets can provide great economic value in certain technological and business realms, making effective measures for preventing theft critically important.
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.
The enactment of the Defend Trade Secrets Act (DTSA) in 2016 has provided federal jurisdiction for trade secrets claims, which allowed owners with misappropriated trade secrets to file complaints in the federal court.
A federal grand jury indicted a state-owned enterprise of the People's Republic of China, a Taiwan company, and three individuals, charging them with crimes related to a conspiracy to steal, convey, and possess stolen trade secrets of an American semiconductor company for the benefit of a company controlled by the PRC government.
A company seeking damages for misappropriation of trade secrets will be able to offer, through its expert, alternative methods among which the jury can choose to calculate an award.<br />Damage calculations<br />Cross-plaintiff JELD-WEN seeks damages only for Cross-defendant Steves & Sons Inc.'s unjust enrichment or, alternatively, a reasonable royalty based on Steves's use of JELD-WEN's trade secrets.<br />JELD-WEN's damages expert, J.