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Trade Secrets Mediation
Trade secrets are confidential business information that provide a company with a competitive advantage. This can include formulas, processes, designs, customer lists, marketing strategies, or proprietary technology. To qualify as a trade secret, the information must be valuable, not publicly known, and subject to reasonable efforts to keep it secret. Trade secret law protects businesses from misappropriation, such as theft, unauthorized disclosure, or industrial espionage. Unlike patents, trade secrets do not require registration and can last indefinitely if secrecy is maintained. Attorneys in this field help companies safeguard their information and take legal action when trade secrets are compromised.