Common use of Definition of Trade Secret Clause in Contracts

Definition of Trade Secret. A “Trade Secret” is defined as information of the Company, without regard to form, including, but not limited to, technical or nontechnical data, a formula, pattern, compilation, program, device, method, technique, drawing or process, (i) that derives independent economic value, actual or potential, from not being generally known to or readily ascertainable through appropriate means by other persons who might obtain economic value from its disclosure or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Appears in 2 contracts

Samples: Advisor Agreement (Nano-Textile Ltd.), Advisor Agreement (Nano-Textile Ltd.)

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Definition of Trade Secret. A “As used herein, "Trade Secret” is defined as Secret " isdefinedas business or technical information of the Company, without regard to form, including, but not limited to, technical or nontechnical data, a formula, pattern, compilation, program, device, method, technique, drawing or process, (i) that derives independent economic value, actual or potential, potential commercial value from not being generally known to or readily ascertainable through appropriate means by other persons who might obtain economic value from its disclosure independent development or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecyreverse engineering.

Appears in 1 contract

Samples: Employment Agreement (Koolbridge Solar, Inc.)

Definition of Trade Secret. A For the purposes of this Agreement, “Trade Secret” is defined as information of the Companyshall mean information, without regard to form, including, but not limited to, technical or nontechnical data, a including any formula, pattern, compilation, program, device, method, technique, drawing or process, (i) that derives independent economic value, actual or potential, from not being generally known to or and not being readily ascertainable through appropriate by proper means by other persons who might can obtain economic value from its disclosure or use; , and (ii) is the subject of efforts by the Disclosing Party that are reasonable under the circumstances to maintain its secrecy.

Appears in 1 contract

Samples: Master Supply Agreement (Select Comfort Corp)

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Definition of Trade Secret. A “As used herein, "Trade Secret” Secret " is defined as business or technical information of the Company, without regard to form, including, but not limited to, technical or nontechnical data, a formula, pattern, compilation, program, device, method, technique, drawing or process, (i) that derives independent economic value, actual or potential, potential commercial value from not being generally known to or readily ascertainable through appropriate means by other persons who might obtain economic value from its disclosure independent development or use; and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecyreverse engineering.

Appears in 1 contract

Samples: Employment Agreement (Koolbridge Solar, Inc.)

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