TRADE SECRETS IN AN ORGANIZATION

ASSIGNMENT # 4, SEMESTER, SPRING – 2019

Submission Date (April 21, 2019)

BY

AREEJ FATIMA

ROLL # 17471507-027

CHEM – 214 (Chemical Entrepreneurship)

B.S. – Chemistry – IV (A)

Submitted To:

Sir Ali Raza

Department of Chemistry

UNIVERSITY OF GUJRAT

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Table of Contents

 Trade Secrets ...................................................................................................................... 3

 Examples of Trade Secrets................................................................................................... 3

 Types of Trade Secret .......................................................................................................... 3

 Some Organizations having their own Trade Secrets .................................................... 4

 References ............................................................................................................................ 5

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TRADE SECRETS:

A trade secret is a formula, practice, process, design, instrument, pattern, commercial

method, or compilation of information not generally known or reasonably ascertainable
by others by which a business can obtain an economic advantage over competitors or
customers.
A trade secret continues for as long as the information is maintained as a trade secret.
Trade secrets can be one of the most important assets in the intellectual property
portfolio of an organization. Trade secrets are at least on a par with other forms of
intellectual property such as patents and trademarks.
For example,

 Processes for converting raw materials into other usable materials

 Recipes for food or food products
 Methods of manufacturing consumer products
 Chemical formulas for cleaning products or other similar goods
 Technological processes, such as computer program processes or scripts.

TYPES OF TRADE SECRETS:

1. Formula:
The formula for a product. Some types of products, such as food are required to display
ingredients on the label in most jurisdictions. However, this is usually a high level list of
ingredients that leaves the exact formula a secret.

2. Process:
A process such as a cooking process that results in an advantage such as a unique flavor.

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 3. Design:
The design of a product or service. It can be difficult to keep designs secrets for long as
they can typically be reverse engineered.

4. Methods:
Methods such as an algorithm or calculation that improves decisions, operations or
products.

5. Tools:
A tool that improves work results such as a propriety design tool that
improves productivity and quality.

6. Automation:
Propriety systems and robotics that automate work to improve efficiency and quality.

7. Patterns:
A re-usable solution that applies to multiple designs, systems or processes.

8. Know-how:
1. The ability to solve a problem that the competition isn't able to solve.

SOME FAMOUS RGANIZATIONS WHICH HAVE THEIR TRADE

SECRETS:

 McDonald’s

 COCA – COLA

 The Google Search Algorithm

 Listerine

 WD – 40 (Used for preventing corrosion!)

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REFERENCES:

 https://en.wikipedia.org/wiki/Trade_secret

 https://www.legalmatch.com/law-library/article/trade-secret-examples.html

 https://simplicable.com/new/trade-secrets

 https://www.ipeg.com/trade-secrets/

 https://www.investopedia.com/terms/t/trade-secret.asp

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