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ever wondered what goes into Coca Colas secret recipe or Googles algorithm well youll probably never know because these are trade secrets companies of every size use trade secrets to get a competitive edge and protect their intellectual assets industrial processes strategic plans customer data and so on does that mean the fajitas recipe at your mothers restaurant qualifies for protection as a trade secret well maybe but she would have to take appropriate steps to keep it secret trade secrets are not limited in time have no registration cost and are effective immediately but unlike patents they may be used by others have discovered and are more difficult to enforce you