Trade Secrets
A contract will commonly contain a clause forbidding disclosure of trade secrets and confidential information to third parties during and after the contract.
A negative covenant is commonly used by businesses, particularly those that depend upon trade secrets for their success.
"There is the tacit recognition that many trade secrets play, at a different but not necessarily lower level from patents, a significant economic role.
Trade secrets have value and are protected by court-ordered injunction.The owner of the trade can seek damages against the person who tries to reveal the secret.
Trade secrets can include business methods, ideas, recipes, or anything else a company deems especially important to its future livelihood.
All patents are published and so there is a tension between including sufficient detail in the patent application to secure patent protection and the wish to protect "trade secrets.
Therefore the trade secret has value and may be protected by a court-ordered injunction against use or revelation of trade secrets by an employee, former employee or someone who comes into possession of the trade secret.
It covers such diverse activities as trademark infringement, false advertising and theft of trade secrets.
Intellectual Property: An intangible form of personal property.Patents, copyrights, trademarks, service marks, trade names and trade secretsare examples of intellectual property.
3d 307, 317, 323 [tort claim for disclosure of trade secrets barred by litigation privilege].
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of the mind - creative works or ideas embodied in a form that can be shared or can enable others to recreate, emulate, or manufacture them. There are four ways to protect intellectual property - patents, trademarks, copyrights or trade secrets ...
 See also: Secret, Information, Law, Person, Term
  
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