Trade secrets are not registered with a government agency like patents or trademarks; instead, they are protected through confidentiality measures. To establish a trade secret, a business must ensure that the information is not publicly known, derives economic value from its secrecy, and is subject to reasonable efforts to maintain its confidentiality. This can include non-disclosure agreements, employee training, and security measures. If a trade secret is misappropriated, the owner can pursue legal action for damages.
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