What is the difference between trade secrets and know-how?
Trade secrets and know-how are very similar concepts, but they do have some distinct differences. Trade secrets refer to specific confidential information owned by a business that is not generally known to the public and provides the business with a competitive advantage. This could include things like formulas, recipes, processes, designs, and customer information. Trade secrets are protected under Washington state law, which prohibits the unauthorized use or disclosure of trade secrets. Know-how, on the other hand, is a more general term that refers to a body of knowledge or experience related to specific techniques, processes, or practices. Unlike trade secrets, know-how includes not only information that may be considered confidential, but also the skill, expertise, and experience of the person who has this knowledge. Know-how is not protected under Washington state law, so it can be shared freely without fear of legal repercussions. In summary, trade secrets refer to confidential information that provides a business with a competitive advantage, while know-how is a broader term that includes not only information, but also the skill, expertise, and experience of the person possessing the knowledge. Trade secrets are protected by law in Washington, but know-how is not.
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