Brenda L. Speer, LLC

 

Glossary - Trade Secrets

The firm can assist you with identifying, maintaining and enforcing your trade secrets and confidential and proprietary information either within or without your organization, as well as licensing your trade secrets to third parties.

What is a Trade Secret?
A trade secret consists of proprietary business information that has commercial value, provides an actual or potential economic advantage over others and is maintained in confidence. Trade secrets in the US are protected through contractual rights which are governed by state statutory and case law.

Examples of confidential and proprietary business information that can be trade secrets are:

Customer Lists

Price Information

Methodologies

Formulas

Recipes