The company trade secrets label should be assigned to documents that contain information that is not publicly known and that would give the company an advantage over its competitors if it were released.
What is trade secrets?
Any corporate procedure or practise that is typically unknown to parties outside the organisation is considered a trade secret. Information that is regarded as a trade secret provides the business with a competitive edge over its rivals and is frequently the result of internal research and innovation. In order for information to be declared a trade secret under American law, a corporation must take reasonable steps to keep it hidden from the general public, have economic value on its own, and contain information. Intellectual property of a firm includes trade secrets. A trade secret, in contrast to a patent, is not widely recognised.
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