What are the differences between trade secrets and confidential information?

Trade secrets and confidential information are similar in that they both provide certain protections for the holder of the information. However, there are some key differences between the two. Trade secrets refer to information that is not available to the public and can provide a competitive advantage for the holder. This information is typically designated as "secret" and can include trade patterns, formulas, and ideas. By law, trade secrets are protected and the holder can take legal action against anyone trying to use or disclose the information without authorization. Confidential information is closely related to trade secrets, but it usually refers to information that may not necessarily be considered "secret". This information can include personal details about customers, employees, or business partners, as well as other sensitive information. The holder of the information can choose to keep it confidential and can protect it through contract and/or non-disclosure agreements. In Washington, trade secrets are protected under the Washington Uniform Trade Secrets Act. The law defines trade secrets, outlines the measures that a trade secret holder must take to protect their information, and provides guidance on remedies if trade secrets are misused. It also outlines a procedure for the enforcement of trade secrets. On the other hand, there is no specific law in Washington dealing with confidential information. However, the state’s general privacy laws may offer some protections to confidential information.

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What are the differences between trade secrets and confidential information?

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