What type of information can be protected under trade secret law?
Trade secret law in Texas protects certain types of information from being stolen or disclosed to the public without permission. Trade secrets are commercially valuable information that companies keep confidential to maintain an advantage over their competitors. Trade secrets can include formulas, recipes, programs, processes, patterns, designs, techniques, methods, strategies, plans, and other confidential business information. This type of information must meet two criteria to be considered a trade secret: (1) it has commercial value because it isn’t generally known to the public, and (2) the owner has taken reasonable steps to keep it a secret. In addition, trade secret law may also protect certain types of customer information such as lists of clients, customer preferences, or marketing plans. Companies may also protect sensitive information such as financial data, pricing strategies, or supply chain information. Other kinds of confidential information such as personnel records and employee handbooks may also be protected by trade secret law. In summary, trade secret law in Texas protects a wide variety of commercially valuable information. This includes formulas, recipes, designs, techniques, customer information, financial data, pricing strategies, and personnel records. By keeping this information secret, companies can maintain their competitive advantage.
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