Trade secret

Definition and stakes

Frederick W. Hamilton,  Type and Presses in America (1918)

“ After many failures, they sent a man to Philadelphia in order that he might learn the trade secrets. In those days type founding, like many other trades, was to a great extent a secret trade and one of the chief duties of the workman was to keep his employer’s secrets. Their attempt to steal the trade failed and they were thrown back upon their own resources again. ”
Source: Gutenberg

Office of the United States Trade Representative,  Special 301 Report (2015)

“ Indeed, trade secrets, such as business plans, internal market analysis, manufacturing methods, and recipes, are often among a company's core business assets; and a company's competitiveness may depend on its capacity to protect such assets.
If a company's trade secrets are stolen by a competitor or the agent of a competitor, it may be extremely difficult, if not impossible, to recoup past investments in R&D, and future innovation may be compromised. Moreover, trade secret theft threatens to diminish U.S. competitiveness around the globe, and puts American jobs at risk.
”
Source: Wikisource

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