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Jorda on : Definition of a Trade Secret

There are three common threads in all trade secret definitions. They are three requirements that must be met for enforceable trade secrets to exist. The information must be

1. a secret in the sense that it is not generally known in the trade,
2. valuable vis-à-vis the competition that does not possess it and
3. the subject of reasonable efforts to safeguard and maintain secrecy.

Full post as published by Jorda on Trade Secrets on October 02, 2007 (boomark / email).