About the Glossary
Ipglossary.com is a practical glossary for managers, executives and technologists as well as lawyers working in IP in an international environment. The glossary provides practical explanations of key legal and business terms in a large number of technology related fields including intellectual property, licensing, venture capital, corporate and securities law, antitrust and competition law, and of course terms relevant to technology, in general. Read more
Usually consists of information used in manufacture or a process that is indeed secret, e.g., secret recipes, (though the secret can have been independently developed by more than one holder.) There is a conflict in the understanding of the nature of trade secrets as a legal right in different legal systems; in the UK, Ireland, Canada and Australia it is a function of the law of confidences and regarded as primarily a contractual right. In civil law systems and in the United States it is typically regarded as a form of intellectual property in-of-itself. See Know-How, Business Secrets, Bigot List.