Trade secrets can consist of different kinds of information: technical, commercial or financial information; formulas, recipes, source code, etc.
To be considered a trade secret:
- the information must be secret; in other words, it may not be widely known or may not be easily accessible within your area of expertise;
- the information must have real or potential commercial value, which is due to its secret character; and
- the holder of the information must have taken reasonable measures to keep the information secret.