What is the difference between trade secrets and confidential information?

Trade secrets and confidential information are both legally protected forms of information. However, they are two distinct types of information with different legal ramifications. Trade secrets are any information that is not publicly known that is of economic value to the holder, and can include designs, formulas, processes, recipes, and other information that is valuable to the owner of the secret. These secrets must be kept confidential through contractual means or non-disclosure agreements in order to remain legally protected. Confidential information is any information that is not generally known to third parties, but it is not always of economic value unless properly protected. This type of information may include personal information such as addresses, credit card numbers, or bank statements. Confidential information is typically protected by privacy laws and policies, rather than through contractual means. The main difference between trade secrets and confidential information is the level of legal protection and the means by which the information is protected. Trade secrets are protected through non-disclosure agreements and other contractual means, while confidential information is protected by privacy laws and policies. In Texas, the Uniform Trade Secrets Act outlines the specific rules and regulations for protecting trade secrets in the state.

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What is the difference between trade secrets and confidential information?

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