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As a result, there is legal protection against the violation of trade secrets.. Remedies available for infringement of trade secrets can include criminal remedies.
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A trade secret is some information that gives a company an advantage over its competitors. Its value lies in the fact that it is not widely known, and making it known would deminish that value. Trade secrets are protected under law, notabley by the Lanham Act and Uniform Trade Secrets Act, however there is no formal registration procedure.
marketing data and planning. Trade secrets can be of the same value to businesses as patents and other forms of IPRs. They can be used as a tool for business competitiveness and research innovation management. trade secrets also helpachieve competitiveness on t he market and foster innovation, often being a company’s operationsthe core of .
Risks are situations where one can predict the range and likelihood of possible outcomes. must reforecast demand for each.
This is because information can be a trade secret even if some of its components are well known: "[A] trade secret can exist in a combination of characteristics and components each of which, by itself, is in the public domain, but the unified process, design and operation of which, in unique combination, affords a competitive advantage is a.
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