business secret - Legal English Dictionary
Dictionary

business secret

information of a sensitive nature about the business of a company which the company has a legitimate interest in keeping confidential All business secrets shall be removed from the decision before publication.

Phrase Bank

  • The comments of the employee constituted a disclosure of business secrets.
  • The buyer had to sign a confidentiality agreement to keep business secrets safe.
  • Information about prices or sales information as a whole was not deemed a business secret by the court.

Additional Notes

  • Also known as a trade secret.