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   Is it a trade secret?
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   Author  Topic: Is it a trade secret?  (Read 1170 times)
tony g
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Is it a trade secret?
« on: Jan 17th, 2006, 3:52pm »
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Are blueprints for a building not yet built a trade secret (or asked in a better way, can they be if appropriate protections are met).  I read a definition of trade secret that it had to deal with an ongoing process, such as a business method.  Can a 1-time plan not be a trade secret.
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JimIvey
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  jamesdivey  
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Re: Is it a trade secret?
« Reply #1 on: Jan 17th, 2006, 7:36pm »
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From my fairly limited understanding of trade secrets, they can include any secret that provides a business advantage.  Those are the only two requirements: (i) secrecy and (ii) business advantage/value.  The trade secret comes into being when formed in the mind of the creator of the trade secret and expires when no longer secret.  I don't believe there is any requirement for continuity or longevity of the secret to qualify as a trade secret.
 
I hope that helps.
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James D. Ivey
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