Mississippi trade secrets 2025

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75-26-3, trade secrets may be confidential and may include but are not limited to, information, including a formula, pattern, compilation, program, device, method, technique or process, that: (a) derives independent economic value, actual or potential, from not being generally known to, and not being readily
A trade secret is economically valuable information that is not generally known, has value to those who cannot legitimately obtain it, and has been subject to reasonable efforts to keep it secret.
Which three elements are required to have a trade secret? Information has economic value not generally known, others cannot legitimately obtain the information, and subject to reasonable efforts to maintain its secrecy.
Coca-Cola is one of the most famous trade secrets in business history. The company has kept its formula a closely guarded secret for over 100 years. The formula is said to be locked away in a vault in Atlanta, Georgia, and only a few people know the exact ingredients.
The Mississippi River carried just about every trade good imaginable: furs from the Great Lakes and the Missouri River; staple agricultural products like corn and wheat from the Midwest; cotton, sugar, and tobacco from the plantations of the Deep South. And in each case, trade led to distinct forms of culture.
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In general, a trade secret has three parts: (1) information (2) economic value from not being generally known by others, and (3) reasonable efforts have been taken to protect the trade secret.
Characteristics of Trade Secrets Secrecy: It is information not generally known or readily available to the public. Economic Value: The information offers a competitive advantage or other economic benefit to the business. Effort to maintain secrecy: The owner shall make reasonable efforts to keep the information secret.

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