trade secret

trade secret
A "trade secret," as protected from misappropriation, may consist of any formula, pattern, device of compilation of information which is used in one's business, and which gives person an opportunity to obtain an advantage over competitors who do not know or use it; or, it may be a formula or a chemical compound, a process of manufacturing, treating or preserving materials, a pattern for a machine or other device, or a list of customers. Cherne Indus., Inc. v. Grounds & Associates, Inc., Minn., 278 N.W.2d 81, 89, 90; Kodekey Electronics, Inc. v. Mechanex Corp. C.A.Colo., 486 F.2d 449, 455.
A plan or process, tool, mechanism, or compound known only to its owner and those of his employees to whom it is necessary to confide it. A secret formula or process not patented, but known only to certain individuals using it in compounding some article of trade having a commercial value. Palin Mfg. Co., Inc. v. Water Technology, Inc., 103 Ill.App.3d 926, 59 Ill.Dec. 553, 431 N.E.2d 1310, 1314

Black's law dictionary. . 1990.

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