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The Coca-Cola formula is a canonical example of a trade secret, intricately designed to give the beverage its unique flavor. This proprietary recipe is kept under tight security and is a key element of the company's marketing strategy. Understanding this trade secret, along with others, can inform your approach to handling confidential information, especially when you see trade secrets sample for job application.
In order for information to be protected as trade secret, it shall meet the following criteria. The information must be secret (i.e., it is not generally known among, or readily accessible, to circles that normally deal with the kind of information in question). Absolute secrecy is not required.
Trade secrets encompass both technical information, such as information concerning manufacturing processes, pharmaceutical test data, designs and drawings of computer programs, and commercial information, such as distribution methods, list of suppliers and clients, and advertising strategies.
Examples of trade secrets can include engineering information; methods, processes, and know-how; tolerances and formulas; business and financial information; computer programs (particularly source code) and related information; pending, unpublished patent applications; business plans; budgets; methods of calculating ...
Trade secrets encompass both technical information, such as information concerning manufacturing processes, pharmaceutical test data, designs and drawings of computer programs, and commercial information, such as distribution methods, list of suppliers and clients, and advertising strategies.
To be considered a trade secret, information must be: Closely guarded; An investment of considerable amount of time and expense by the employer; and/or. Not readily available to the public.