What are trade secrets?

Answer:
"A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. In some jurisdictions, such secrets are referred to as "confidential information" or "classified information"."
First answer by Ccbuckner. Last edit by Ccbuckner. Contributor trust: 4 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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