Trade secret

Also called: trade secrets, proprietary information, secret sauce, confidential information

Valuable business information, such as a formula, algorithm or process, that is protected by keeping it secret rather than by registering it. Protection lasts as long as it stays secret.

For example: A startup keeps its pricing algorithm a trade secret: only two engineers can see it and everyone signs an NDA.

Connects to 5

Intellectual property Concept
NDA Concept
Non-provisional patent Concept
Moat Concept
Licensing Concept

This glossary is plain-language orientation, not legal or financial advice. Before you decide on a company structure, a contract, taxes or a fundraising deal, talk with a lawyer or an accountant.