Business Magazine

What's A Trade Secret?

Posted on the 19 October 2011 by Gerard @presurfer
What's A Trade Secret?image credit
A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. Trade secrets are by definition not disclosed to the world at large. Instead, owners of trade secrets seek to protect trade secret information from competitors by instituting special procedures for handling it, as well as technological and legal security measures.
So, what would happen if someone stole, let's say, KFC's trade secret?
(via Miss Cellania)The Presurfer

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