Trade Secret

A "trade secret" means information, including a formula, pattern, compilation, program, data, device, method, technique, or process, that:

1. Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and

2. Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Among things courts have found to be "trade secrets" are machining processes, blueprints, and stock-picking formulae, customer lists, pricing information, and non-public financial data.

At Sherr & Vaughn, PLLC, we can provide you with the experience and legal guidance that you need.