What is a ‘trade secret’?

A trade secret refers to any technical knowledge, experience and formulas on the composition of a product which are kept secret by a company. This confidentiality provides the company with a privileged position with respect to possible competitors.

Trade secrets concern a manufacturing means with an industrial and confidential character, containing a certain originality and exhibiting a commercial and practical interest. It must also have commercial value and be unknown to and hidden from competitors.

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