What are some examples of trade secrets?
Trade secrets can include formulas, practices, processes, designs, instruments, or patterns that provide a business advantage.
Can you give me a specific example?
Sure! The recipe for Coca-Cola is a famous trade secret that has been kept confidential for over a century.
Are there any legal protections for trade secrets?
Yes, trade secrets are protected under the Uniform Trade Secrets Act and the Defend Trade Secrets Act in the U.S.
How can a company protect its trade secrets?
Companies can protect trade secrets by implementing non-disclosure agreements, limiting access, and conducting employee training.
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