Define trade secret. Distinguish it from the confidential information

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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. In some jurisdictions, such secrets are referred to as confidential information.

A trade secret is information that

• is not generally known to the public;
• confers economic benefit on its holder because the information is not publicly known; and
• where the holder makes efforts to maintain its secrecy.

In international law, these three factors define a trade secret under article 39 of the Agreement on Trade-Related Aspects of Intellectual Property Rights, commonly referred to as the TRIPS Agreement.

Trade secrets are an important, but invisible component of a company's intellectual property (IP). Their _______ _____ ______ __________ _________ _______ ___ __________.
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