Business Law Primer 101: Trademarks vs. Trade Secrets

Business Law Primer 101: Trademarks vs. Trade Secrets, by Adam Scholl

Trademark: A word, symbol, name, design, or any combination of such, which is used in business to identify and distinguish one company’s goods from another’s and helps to designate the source of the goods.

Trade Secret: A formula, practice, process, design, instrument, pattern, or compilation of information that is not generally known or reasonably ascertainable to the public, through which a company can obtain an economic advantage

*Note: The key distinction between a trademark and a trade secret is that trade secrets are protected by the law only so long as they are not disclosed to the general public.  In contrast, disclosure of a trademark has no effect on applicable legal protections,

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