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A trade secret is a form of intellectual property comprising confidential information that is not generally known or readily ascertainable, derives economic value from its secrecy, and is protected by reasonable efforts to maintain its confidentiality. [1] [2] [3] Well-known examples include the Coca-Cola formula and the recipe for Kentucky ...
Common types of intellectual property rights include copyright, trademarks, patents, industrial design rights, trade dress, and in some jurisdictions trade secrets. They may be sometimes called intellectual rights. See outline of patents for a topical guide and overview of patents.
In the United States, trade secrets are protected under state law, and states have nearly universally adopted the Uniform Trade Secrets Act. The United States also has federal law in the form of the Economic Espionage Act of 1996 (18 U.S.C. §§ 1831–1839), which makes the theft or misappropriation of a trade secret a federal crime. This law ...
Information can make the difference between success and failure; if a trade secret is stolen, the competitive playing field is leveled or even tipped in favor of a competitor. Although a lot of information-gathering is accomplished legally through competitive intelligence, at times corporations feel the best way to get information is to take it ...
trade secret Del Monte Fresh Produce Co. v. Dole Food Co. , 136 F. Supp. 2d 1271 (S.D. Fla. 2001), was a trade secret misappropriation case where Del Monte Fresh Produce Company asserted that Dole Food Company obtained their specialty pineapples through non-legal means and were unjustly enriched as a result.
By Blake Brittain (Reuters) -GlobalFoundries and IBM said on Thursday they have settled dueling lawsuits in which GlobalFoundries was accused of breaching a contract with IBM and the computer ...
Those who can invoke the law are provided with effective tools to defend themselves against unauthorized acquisition, use or disclosure of trade secrets. As a result, they may request that any documents, electronic files or other objects obtained be destroyed or published, or products recalled or destroyed on the basis thereof.
[citation needed] New products under development, unique manufacturing techniques, or simply lists of customers are types of information protected by trade secret laws. Research on corporate secrecy has studied the factors supporting secret organizations. [6]