A trade secret is any information that has independent economic value from not being generally known or readily ascertainable by proper means, and the information is the subject of efforts to maintain its secrecy that are reasonable under the circumstances. Classic examples of trade secrets include recipes, manufacturing processes, formulas, patterns, manufacturing materials, and any other information that cannot be, or is difficult to be, reverse engineered. If a product or material can be reverse engineered, the best intellectual property protection would be a patent.
Unlike patent law, which is generally national in scope (country-by-country), trade secret law is usually a matter of state law in the United States. Accordingly, if you have any questions regarding whether you have a trade secret or how you should best protect your trade secret, contact an RKM attorney today!