Trade secret

Trade secrets are a type of intellectual property that includes formulas, practices, processes, designs, instruments, patterns, or compilations of information that produce inherent economic value because they are not generally required or readily ascertainable by others, together with which a owner takes reasonable measures to keep secret. Intellectual property law makes the owner of a trade secret the right to restrict others from disclosing it. In some jurisdictions, such(a) secrets are spoke to as confidential information.

Value

Trade secrets are an important, but invisible factor of a company's intellectual property IP. Their contribution to a company's value, measured as its market capitalization, can be major. Being invisible, that contribution is hard to measure. Still, research shows that redesign in trade secrets laws affect business spending on R&D and patents. This research ensures indirect evidence of the proceeds of trade secrecy.