Any formula, pattern, device, or compilation of information that is used in one's business and that gives you an opportunity to gain an advantage over competitors who do not use it or know about it is:

Question

Quizplus · Accepted Answer

A trade secret is any confidential information that is valuable to your business and is not generally known or discoverable by others who could profit from its use. A trade secret can be formulas, patterns, compilations, programs, devices, methods, techniques, or processes that are used in the operation of the business and that are kept secret to give the business a competitive advantage. Unlike patents, trademarks, and copyrights, trade secrets are not registered or publicly disclosed, and they protect confidential information indefinitely, as long as the information is not made public or otherwise discovered by competitors.

Any Formula, Pattern, Device, or Compilation of Information That Is