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A code word, a password, a pin number etc.

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Q: What is a secret piece of information used to verify idenity?
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The Purpose of a Trade Secrets Lawyer?

A trade secret lawyer is an attorney who specializes in the field of trade secret law. A trade secret is a piece of information that is not available to the general public, which a business can use in order to maintain a competitive advantage either over its competitors or over its customers. Depending on the jurisdiction, a trade secret can also be referred to as classified or confidential information. A trade secret can be a practice, instrument, pattern, formula, process, or any other piece of knowledge that gives a business an advantage. In order for a business to protect its information, or to protect itself from accusations of stealing trade secrets, a company requires the assistance of a trade secret lawyer. The exact language that is used to define what qualifies as a trade secret depends on the jurisdiction, because certain types of information are protected, certain types are not, and other types are required to be public, depending on the circumstances and the location of a business. Even so, there are generally three components that are common with the definition used in all jurisdictions. First, the information must not already be generally available to the public. In other words, a company can not claim that information is a trade secret if the information is already accessible by other parties, regardless of whether or not the company was aware of this when the information was discovered or obtained. Second, the information has to provide some sort of business advantage to the company. This advantage must come not only from the information itself, but from the fact that the information is not generally known. In other words, the information would have to lose its value if it became generally known in order for it to be classified as a trade secret. Finally, the holder of the information has to make a reasonable effort to keep the information secure. If the information is easily obtained by outside entities, the company can not claim that the information was a trade secret. Without reasonable safeguards in place, outside entities can only assume that the holder is not attempting to keep the information a secret. A trade secret is similar, but not identical to a patent or a trademark. Both patents and trademarks must be publicly disclosed in order for them to be protected. A trademark is a specific logo or slogan that is associated with a specific brand. A trademark is therefore intended to be made publicly available in the first place. Similarly, a patent must be made publicly available in order for it to be protected. A trade secret allows for a monopoly on the information that can last indefinitely, but it is not protected from independent discovery by other parties. A patent has a limited time period in which an information monopoly can be maintained, but it is protected from independent discovery from outside parties during that time period.


What is A fact or piece of information?

Entity