trade secrets

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. It will also often require company materials to be kept secure and returned (with any copies) when the contract ends. In the case of employment contracts, post termination restraints must be reasonable.

Easyform Glossary of Law Terms. — UK law terms.


trade secrets
n. Formulas, devices, or other manufacturing or business pattern, and so on that are kept confidential in order to continue an advantage over the competition. Whatever the secrets are, they are not protected by patent, so their owner holds no formal protection. Once a trade secret is leaked or discovered by analysis, the discoverer is free to use it to his or her own advantage.

Webster's New World Law Dictionary. . 2000.

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