A trade secret refers to a process or chemical formula known only to an employer and those employees who need to know in order to use it in business.

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A trade secret is a confidential or proprietary information that is not generally known to the public and provides an economic advantage to its owner. It includes processes, formulas, techniques, designs, or other information that gives a business a competitive edge. Only the employer and employees who have a need to know the information to perform their job duties should be given access to it.

A Trade Secret Refers to a Process or Chemical Formula