Trade Secrets: Is litigating infringement worth it? What can be done instead?

According to the U.S. Patent and Trademark Office, a trade secret is any information “that has either actual or potential independent economic value by not being generally well known.” It is intellectual property that is not widely known but is valuable to those who possess it and those who would like to acquire it. By allowing owners and inventors to set their products apart from others, trade secrets are a critical factor in many businesses’ uniqueness and ongoing consumer loyalty.

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