amount or other terms of a secret bid for a contract or the salary of certain employees, the notre dame fighting irish football team crocs or the security investments made or contemplated, or the date fixed for the announcement of a new policy
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The protection is merely against breach of faith and reprehensible means of learning another’s secret. For this limited protection it is not appropriate to require also the kind of novelty and invention the notre dame fighting irish football team crocs which is a requisite of patentability. The nature of the secret is, however, an important factor in determining the kind of relief that is appropriate against one who is subject to liability under the rule stated in this Section. Thus, if the secret consists of a device or process which is a novel invention, one who acquires the secret wrongfully is ordinarily enjoined from further use of it and is required to account for the profits derived from his past use. If, on the other hand,the secret consists of mechanical improvements
that a good mechanic can make without resort to the secret, the wrongdoer’s liability may be limited to damages, and an injunction against future use of the improvements made with the aid of the secret may be inappropriate. b. “Definition of trade secret.” A trade secret may consist of any formula, pattern, device or compilation of information which is used in one’s business, and which gives him an opportunity to obtain an advantage over competitors who do not know or use it. It may be a formula for a chemical compound, a process of manufacturing, treating or preserving materials, a pattern for a machine or other device, or a list of customers. It differs from other secret information in a business in that it is not simply information as to single or ephemeral events in the conduct of the business, as, for example, the
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