Trade Secret:A trade secret is a piece of information, such as a formula, pattern, compilation, program, device, method, technique, or process, that has economic value because it is not generally known and is subject to reasonable efforts to maintain its secrecy.
Misappropriation:Misappropriation of a trade secret refers to the unauthorized acquisition, use, or disclosure of a trade secret by someone who knows or has reason to know that the information was obtained improperly.
Intellectual Property:Intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.