Competitive valuable facts in running a business that are unknown to other competitors and entrepreneurs.
Trade secret is information of business, production or technical nature related to businesses that have actual or at least potential tangible or intangible value, which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. Trade secret will have to be kept secret according to entrepreneurs' will and entrepreneurs also adequately ensure their confidentiality. Entrepreneur running a company to which the trade secret relates, has the exclusive right to deal with this secrets, especially to authorize its use and to determine the conditions of such use. Against violations or threats to trade secret rights he is entitled to take legal protection as in case of unfair competition.