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What are trade secrets and how are they protected?

A trade secret is a form of intellectual property that is something that is of independent value because it is not generally known. The trade secret must be kept secret and the way it’s protected is in 2 ways: 1) It’s secrecy has to be maintained. For example, the Coca-Cola formula is something that is a trade secret. That it’s a beverage that’s generally liked but the formula and how do you make that beverage is not generally known. To retain it’s secrecy you have to maintain and take measures to make sure it’s secret. Such as: Keeping it locked, ensuring that there’s limited access to it, ensuring that it’s protected in a manner where it’s not generally accessible to other people that might have an interest in obtaining that information.

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