Trade Secrets Definition

noun
Formulas, devices, or other manufacturing or business pattern, and so on that are kept confidential in order to continue an advantage over the competition. Whatever the secrets are, they are not protected by patent, so their owner holds no formal protection. Once a trade secret is leaked or discovered by analysis, the discoverer is free to use it to his or her own advantage.
Webster's New World Law
Plural form of trade secret.
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