Trade secrets is the confidential data that gives an enterprise a competitive edge, they include manufacturing or industrial secrets as well as commercial secrets, if such information is used by an unauthorized person, it is known as the violation of the trade secret.
While a final determination of what information is considered a trade secret will depend on the circumstances of each individual case, clearly unfair practices in respect of secret information include industrial or commercial breach of contract and breach of confidence.
It is impossible to imagine that any business could ever operate without having trade secrets protected. The trouble is that most small businesses don’t know what a trade secret is, what trade secrets they have, nor do they know what could be protected as a trade secret. Here at Polasek, Quisenberry & Errington LLP, we help them understand and protect the trade secrets of an organization.