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Trade Secret Basics

Companies generally have a wealth of information that is valuable to them that, if known to their competitors, would afford those competitors an advantage in the marketplace. This information is known as trade secrets, and nearly any type of information may qualify for protection, from customer lists to product sales information, financial forecasts, and the methods by which the company conducts its business.

Moreover, the ease with which such information can be misappropriated and then disseminated via the Internet resulted in a more than 300 percent increase in acts of economic espionage from 1990 to 1995. Thus, because ...

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