Trade secret

A trade secret is a formula, practice, process, design, instrument, pattern, commercial method, or compilation of information which is not generally known or reasonably ascertainable by others, and by which a business can obtain an economic advantage over competitors or customers. In some jurisdictions, such secrets are referred to as "confidential information", but are generally not referred to as "classified information" in the United States, since that refers to government secrets protected by a different set of laws and practices.

Definition

The precise language by which a trade secret is defined varies by jurisdiction (as do the particular types of information that are subject to trade secret protection). However, there are three factors that, although subject to differing interpretations, are common to all such definitions: a trade secret is information that:

Trade Secret (company)

Trade Secret is a chain of clothing, accessories and home furnishing stores operated by TJX Companies and has 35 stores across Australia as of July 2015.

TJX acquired Trade Secret for AUD$80 million from Gazal Corporation in 2015.

Home Secret

Parent company TJX also operates Home Secret, a 'sister' store of Trade Secret, which carries home furnishings. As of January 2016, there is one location in Kawana, Queensland.

See also

References

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